CU victory with adoption of Amodei-Aguilar Amendment

Yesterday, the House of Representatives adopted the bipartisan amendment by Reps. Mark Amodei (R-NV) and Pete Aguilar (D-CA), which will prevent the NCUA from being shifted to the appropriations process. “This is a huge victory for credit unions and their member-owners. We thank Reps. Amodie and Aguilar for their steadfast leadership in keeping NCUA out […]

Yesterday, the House of Representatives adopted the bipartisan amendment by Reps. Mark Amodei (R-NV) and Pete Aguilar (D-CA), which will prevent the NCUA from being shifted to the appropriations process.

“This is a huge victory for credit unions and their member-owners. We thank Reps. Amodie and Aguilar for their steadfast leadership in keeping NCUA out of the appropriations process and the thousands of CUNA/League credit union activists who took action – these voices made all the difference on the Hill,” said Jim Nussle, CUNA president/CEO. “Placing NCUA under appropriations would be the functional equivalent of a hidden tax on credit unions and their members.”

Thank you to all of you who made phone calls, sent emails and have been engaged in this effort.

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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