Notes from Nussle
Jim Nussle, president and CEO of the Credit Union National Association, said CUNA was cautiously optimistic after a first read of the recently unveiled tax reform plan in Congress.
“The proposed tax cuts did not come after credit unions – at least not yet,” he said. “But any time Congress is looking at taxes we have to remain vigilant.”
Nussle listed several fall advocacy priorities for CUNA, including seeking regulatory relief in the Senate, continuing to protect credit unions’ tax status, getting appropriations to fund the Community Development Financial Institutions Fund and National Flood Insurance, seeking Stabilizations Fund refunds from NCUA, continuing to defend NCUA’s proposed field of membership rules in court, and increasing pressure on Congress to strengthen national data security standards.
Nussle also encouraged CUs to use CUNA’s Member Activation Program to get members engaged in public policy debates. “We have the third-largest political action committee in the country,” he said.
CUNA’s Awareness campaign is gathering data “so we can create better awareness of credit unions in the future. We need to put credit unions on a better plane,” Nussle said.