Secure credit union pandemic relief; urge Congress for their support

Published by: Emily Leite

December 16, 2020 | Government Affairs

As the federal government winds down its legislative activity in preparation for the incoming administration, the League is urging the Ohio congressional delegation to further empower your credit union’s ability to serve members, and we need your help. Please complete a call-to-action, urging your federal decision-makers to help credit unions and their members achieve significant pandemic relief, such as:

  • Extending Troubled Debt Restructuring (TDR) authorities to Dec. 31, 2021, so credit unions can assist members experiencing financial difficulties without charging off loan losses and impairing capital reserves
  • Extending the Central Liquidity Fund (CLF) borrowing capacity so credit unions can continue managing portfolios and liquidity based on evolving needs
  • Paycheck Protection Program (PPP) forgiveness for loans $150,000 or less to further empower small business members’ economic recovery
  • Increasing Community Development Financial Institution (CDFI) and Minority Depository Institution (MDI) funding to further assist communities disparately impacted by the pandemic

Acting on behalf of the Ohio Movement has never been easier. Simply visit Voter Voice and submit or customize a pre-written email to your congressional leaders. Thank you for standing up for cooperative financial services as the League continues urging the Ohio delegation to protect more than three million members.

Contact League Director of Legislative Affairs, Cory Fleming, or Sr. Manager of Political and Grassroots Affairs, Andrew Canan, for questions or assistance.

CONTACT US

E: cfleming@ohiocul.org
T: (614) 923-9705
C: (614) 395-0371

E: acanan@ohiocul.org
T: (614) 923-9710
C: (614) 512-0330

Contact Andrew Canan for questions or assistance.

Andrew Canan
Andrew Canan Sr. Manager, Political and Grassroots Affairs E: acanan@ohiocul.org
Contact Us

Other Movement News

Government Affairs

How HB 133 changed attorney title opinion limitations

Maintaining responsible and competitive mortgage lending practices helps Ohio credit unions remain a vital homebuying resource for members seeking the American dream of homeownership. That is why the League constantly […]
Regulatory

The League Supports NCUA’s Interim Final Rule on Prompt Corrective Action

Throughout the COVID-19 pandemic, the National Credit Union Administration (NCUA) has worked tirelessly to adjust its regulations to decrease the regulatory burden on credit unions. One burden that credit unions […]
Member Benefits

It’s Your Move

Be prepared to stay in the compliance game with the Ohio Credit Union League playbook. Your League membership includes a compliance hotline with a live person to answer all your […]