With more than 5,500 credit union leaders descending on Washington, D.C., the CUNA GAC proved to be another impactful week for credit unions across the country. Stressing the importance of the credit union difference, more than 60 of your fellow Ohio credit union leaders hiked the Hill last week and met with each of Ohio’s 18 congressional offices. They reminded congress why credit unions are the best financial institution for Ohioans over their for-profit counterparts who visited the Hill earlier in the day. They spoke to how they’re able to uniquely serve their members thanks to the not-for-profit cooperative model and shared some of the great programs they have in place to serve their communities. The need for uniformity of data standards, while also including federal pre-emption in any potential legislation rather than patchwork regulations across the country, was also stressed. Finally, while meeting with the offices of Senators Brown and Portman, the need for cannabis banking was highlighted so credit unions can serve legal businesses in the state of Ohio. Cannabis banking would also resolve the public safety concerns surrounding the mostly cash-based businesses.
If you’d like to hear more about Ohio’s presence and impact at the 2020 CUNA GAC, reach out to Manager of Legislative and Political Advocacy Andrew Canan.