Legislative Affairs
CUANM’s Legislative Affairs is dedicated to providing Grassroots and Political Action Committee development and support. We assist credit unions with developing successful fundraising programs, offering and aiding grassroots programs. The Legislative Affairs Department provides a number of programs and services: Governmental Affairs Committee (GAC), New Mexico Credit Union Political Action Committee (NMCUPAC), CUNA’s Political Action Committee (CULAC), the Grassroots Action Center (CapWiz), Hike the Hill, and constituent matching (Project Zip Code) to name a few.
For more information or you if would like to get involved in the legislative process then please contact Juan Fernandez, Vice President of Political Affairs, at 505-298-9899 or 800-366-6628, ext. 2233.
Legislative Updates
President's pen turns corporate stabilization bill into law
WASHINGTON (5/21/09)—In a ceremony held at the White House on May 20, President Barack Obama signed S. 896, the Helping Families Save Their Homes Act, into law.
CU League of Connecticut President/CEO Tony Emerson (pictured left, at White House) attended the bill-signing ceremony for S. 896 as a guest of cosponsor Sen. Christopher Dodd (D-Conn.) CUNA President/CEO Dan Mica said that Emerson’s invitation by…
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Congress Passes Corporate Bailout Bill
Credit Union Journal | Tuesday, May 19, 2009
WASHINGTON – The House voted passage this afternoon of a bill passed by the Senate last week which will enact the corporate credit union bailout.
The bill, which is now on its way to President Obama for his signature, will create a $6 billion Corporate CU Stabilization Fund; allow NCUA to stretch out the…
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Schumer announces new plan to tap CUs to jumpstart small business lending
Senator Proposes Fixing Little-Known 1998 Law By Eliminating the Statutory Cap On Small Business Loans Made By Credit Unions
Right Now, Credit Unions Can Only Lend Up to 12.25% of Total Assets to Small Businesses; Credit Unions Say $10B Worth Of Loans Could Be Made If Cap Is Lifted
With Big Banks Pulling Credit Lines To…
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Sen Schumer Proposes More Business Lending For Credit Unions
[ Dow Jones & Company, Inc. · 2009-03-05 ]
By Jilian Mincer, OF DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--New York Sen. Charles Schumer notified his colleagues Thursday that he plans to introduce legislation that would enable credit unions to increase their business lending.
The senator, a Democrat, said in a letter released Thursday morning that he plans to introduce…
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CUs among TALF eligible
WASHINGTON (3/4/09)—The U.S. Treasury Department and Federal Reserve Board Tuesday announced the launch of their Term Asset-Backed Securities Loan Facility (TALF), which will make up to $200 billion in three-year loans to eligible institutions.
TALF is designed to kick-start securitized lending. Based on the eligibility criteria, credit unions will be among those institutions that can apply for TALF loans.
TALF is intended…
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