If you’re as passionate about helping others as we are, doing just a little can go a long way in helping us best serve you! We are constantly looking for better ways to serve our members and our communities and staying in front of government regulations effecting credit unions and our members is an important part of that. Your voice has power and our elected officials understand that. We encourage you to join us in letting our elected officials know the effects of their regulations and demand action. 

Campaign for Common Sense Regulation:

Excessive regulations cost credit unions $7.2 Billion per year — more than $71 per member. Just as important, it costs you, our members, time and services. That is why our credit union has joined the Campaign for Common-Sense Regulation. Instead of protecting consumers from abuses, large Wall Street banks are unfairly targeting credit unions like ours. By joining this campaign, we are pushing back against excessive, one-size-fits-all regulations that harm our members. The behavior of the large Wall Street banks, some nonbank financial services providers, and other abusers of consumers caused the greatest financial crisis since the great depression. A common-sense regulatory approach can balance safety and soundness, consumer protection, and members’ needs.

MORTGAGES
Protecting home buyers from the greedy Wall Street bankers who fleeced millions and wrecked the economy is good public policy. But Washington imposed new mortgage rules on all lenders, even local credit unions that engaged in responsible lending.

THE RESULT: higher costs, longer waits, and more paperwork for credit union members seeking home loans.The government even requires your credit union to collect more of your personal financial data than needed. That’s not common sense.

SMALL DOLLAR LOANS
Reining in abusive predatory lenders is a good idea.But Washington bureaucrats instead drafted new rules that would make it harder for consumers to get affordable small dollar loans from their credit union to pay for emergency expenditures for their car or home or even unexpected health bills.

THE RESULT:  driving consumers in need to the very predatory lenders we want to stop. That’s not common sense. 

OVERDRAFT PROTECTION
The government is in the process of writing new rules that will make it harder for your credit union to extend members like you overdraft protection when they mistakenly overspend or need the convenience of an overdraft service while in line at the grocery store or elsewhere, even for responsible consumers who choose to pay for the protection. That’s not common sense.

MEMBER SERVICE
To comply with these costly new regulations, many credit unions are having to cut back on member service, charge more for loan products, and delay investments in new technology to better serve members.

1 out of every 4 credit union employees now spends significant time completing government paperwork, instead of serving members like you. That’s not common sense.

WHAT WOULD COMMON-SENSE REGULATION LOOK LIKE?
Washington must realize that while cracking down on the abuses of Wall Street banks is a good idea, applying the same one-size-fits-all regulation to local institutions on Main Street makes no sense.

Trusting member-owned credit unions to know their members and provide them the financial services they need is a better approach. That’s just common sense.