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 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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