League advocacy priorities amid COVID-19

Published by: Emily Leite

March 19, 2020 | Government Affairs, Public Awareness, Regulatory

During the dynamic COVID-19 situation, the League is committed to keeping you updated on the work we’re doing on behalf of your credit union and its members through federal and state legislative, political and regulatory advocacy.   

The League is working with state and federal stakeholders to ensure Ohioans are given full financial support through credit unions and other financial service providers. The financial service community is jointly committed to identifying immediate actions that can be taken to lessen the economic severity for your credit union and its members and member businesses. 

Here’s a summary of what we’ve been up to so far: 

  • The League coordinated a phone call Wednesday morning with Lt. Governor Jon Husted and the DeWine administration so the state could update credit union leaders and hear their reactions. Subsequently, the DeWine administration issued a public statement encouraging consumers to trust their credit unions and avoid withdrawing large amounts of money unless necessary. Additionally, the administration is working to identify meaningful regulatory relief provisions regulations so credit unions can best serve their members’ ongoing challenges. 
  • Similarly, the CUNA/League system encouraged NCUA to help credit unions by moving to remote or delayed examinations, applying capital forbearance, and permitting virtual board and membership meetings. 
  • The League is working with the Ohio Congressional delegation to fully fund the Community Development Financial Institutions and Community Development Revolving Loan Fundsto immediately infuse capital into the market to ease lending and service barriers for credit unions.  

For the foreseeable future, all League legislative and political events are postponed as we redirect our full efforts to serving you through proactive and meaningful advocacy outreach. Thank you for your patience and support.  

Please feel free to connect with League Senior Vice President of Advocacy Emily Leite for any advocacyrelated questions. 

CONTACT US

E: eleite@ohiocul.org
T: (614) 923-9770
C: (614) 581-8460

Other Movement News

Government Affairs

Advocacy on track at Churchill Downs

Ohioans and communities are best served when credit unions and regulators work together to cultivate a financial services industry that puts people first. That is why the Ohio Credit Union […]
Regulatory

League advocates for an updated CTR threshold

Constantly increasing regulatory pressures put a strain on a credit union’s resources and ability to focus on what matters most: serving members; thus, the League is always looking for opportunities […]
Member Benefits

Unlocking Strategic Insights with Peer Suite

Data-driven decision-making is paramount for credit unions striving to grow and better serve their members. Recognizing this need, the League offers Peer Suite as a powerful member benefit. This comprehensive […]