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Your Voice

As a FORUM Credit Union member your voice is important. FORUM Credit Union actively participates, through the Credit Union National Association (CUNA) in the legislative process to represent the best interests of our Credit Union member/owners. There are important legislative issues being discussed every year that impact the products, services, and rates associated with FORUM accounts and services. FORUM speaks up to preserve the cooperative financial model for delivering financial services and you can too.

  • Sign up to receive notices from FORUM when key legislative issues are being discussed. Click here and select "YOUR FORUM."
  • Let your voice be heard on key issues by contacting your legislator about important credit union matters. Contact your legislators here.  
  • Share your Voice with FORUM. If you have credit union related political concerns you would like FORUM to share with CUNA and their advocacy team, let us know

​CUNA Wellness Advocacy During Coronavirus (COVID-19):

As Congress and the Administration respond to the coronavirus disease (COVID-19) crisis, credit unions and banks will continue to offer assistance to customers directly affected. Below are some of the actions being taken. 

  • CUNA wrote to leaders of the Senate Banking Committee and House Financial Services Committee in regards to the credit union industry's response to the coronavirus (COVID-19) outbreak, including a number of suggestions to help increase member service.
  • CUNA joined other financial trades in responding to a letter from a group of democratic Senators encouraging prudent and appropriate actions to assist consumers.
  • CUNA wrote to all 535 Congressional offices to let them know that as communities across the country grapple with effects of the coronavirus (COVID-19) pandemic, America's credit unions will continue to be here.
  • CUNA wrote to the President about the statutory and regulatory accommodations needed to ensure credit unions can continue to meet the financial services needs of their members impacted by the coronavirus (COVID-19).

Annual Advocacy Priorities:

The ongoing foundation for CUNA's credit union advocacy efforts are focused on the below areas, which represent the input and guidance shared from credit unions across the country. 

Reduce Regulatory Burdens - Credit unions seek to reduce regulatory burden so that credit union members have access to more efficient and affordable financial services. In Washington, CUNA seeks to advance their vision for the CFPB under new leadership.

  • They want the CFPB to fix the burdensome rules it has implemented over the last several years and to slow the pace of new rules.
  • They also want the CFPB to transfer supervisory authority of the very large credit unions back to NCUA, retain the Credit Union Advisory Council, and make broader and deeper use of its existing exemption authority.
  • In individual states, CUNA stands ready to work with leagues in states where attorneys-general and legislatures may try to implement overly burdensome regulations.
Overall, credit unions are advocating for Common-Sense Regulation

Expand and Protect Credit Union Opportunities - Working with CUNA's Credit Union Powers Subcommittee, CUNA is working to modernize the Federal Credit Union Act.
  • They will continue to encourage NCUA to allow credit unions to use supplemental capital to comply with the risk-based capital proposal, using this as a pilot for additional supplemental capital authority.
  • CUNA wants to work with Congress to find a fix for the government sponsored enterprises that retains access to the secondary market for credit unions.
  • In the states, CUNA will work with Leagues to pursue legislation that puts more competitive pressures on the federal charter, including interstate branching legislation and field of membership modernization.
Enhance Information Security -  Enhancing information security to reduce the impact that merchant data breaches have on credit unions and their members is a top concern and priorty. CUNA calls for Congress to:
  • Treat data privacy as a national security issue, since there have been more than 10,000 data breached in the U.S. since 2005, compromising nearly 12 billion consumer records. Many of these breaches are being perpetrated by foreign governments, domestic organized crime syndicates and rogue international actors using the data to fund illicit activities;
  • Fix the weak links in the system, meaning requiring all entities that hold and use consumer data be subject to strong federal data security requirements; and
  • Set a strong federal standard that preempts state laws, removing the current patchwork of various state laws, regulations and requirements that provide uneven protection and require numerous compliance resources.
Learn more about Data Breaches and ask your Congressional Representative to Stop the Breaches today. 

Preserve the Credit Union Tax Status-  It is important to preserve the credit union tax status so that credit union members continue to enjoy not-for-profit cooperative financial services.Preserving the credit union tax status in the recently enacted tax reform law was an enormous victory for credit unions and their members, but there is more work to be completed.
  • The credit union tax status has nothing to do with institution size or service offerings – it arises from their unique structure as member-owned, not-for-profit organizations that return earnings to average working-class Americans.  Both small and large credit unions operate in this way – distinguishing characteristics that have not changed since passage of the Federal Credit Union Act of 1934. Read CUNA's most current white paper on the credit union tax status.