MAY 15, 2015
Facebook logo Twitter logo
Government Influence
Project Zip Code
Contact Your Legislator
State Legislative Update
State Legislative Grid
Federal Legislative Grid
 
Public Influence
Consider This®
CUs in the News
Media Relations
Paying ATTENTION®
Quarterly Member Benefits Index
Statewide News Coverage

Click here to request to be added to the mailing list for this and/or other GCUA email publications.
 
Savannah Annual Convention Happening Now:
It's What We Do! (Issue 1 of 6)

The 2015 Georgia Credit Union Affiliates Annual Convention is under way in Savannah, providing information, education and ideas to help the state's credit unions help their members afford life.

 
     
  Call to Action on Data Breach Bills (Issue 2 of 6)
Credit unions nationwide are participating in two calls to action in support of U.S. House and U.S. Senate bills aimed at strengthening merchants' data security standards to levels comparable to those of credit unions.

 
  Final Hurdle Cleared: Insurance Standards Bill for TNCs
Now Law! (Issue 3 of 6)

A credit union-supported bill setting insurance standards for transportation network companies such as Uber and Lyft is now law after being signed by Gov. Nathan Deal.

 
  Governor Signs Credit Union-Backed Escrow Bill into Law
(Issue 4 of 6)

The Governor signed into law a bill that will add credit unions to the range of financial institutions where real estate agents are allowed to deposit escrow funds.

 
  GCUA on Hand for Signing of Parity Powers Bill (Issue 5 of 6)
The state Department of Banking & Finance housekeeping bill, which among other things gives state-chartered financial institutions more parity with federally chartered institutions, is now law after being signed by the governor.

 
  Legislators Connect with Polish Credit Union Delegation
(Issue 6 of 6)

Polish credit union officials, on an information exchange trip with Delta Community Credit Union, visited the Georgia Capitol and later traveled to Washington, D.C., to meet with Congressional staffers and CUNA members.

 
 
 
Annual Convention Happening Now: It's What We Do! (Issue 1 of 6)

ConventionFrom May 13th through May 16th credit union leaders from around the state are gathered in Savannah for the 2015 GCUA Annual Convention. This year’s meeting theme, "It's What We Do!" embodies what credit unions do each day to help their members afford life, and has been echoed throughout the event. As of press time on the morning of Friday, May 15th the attendees are treated to a fresh perspective on the regulatory landscape of credit unions from Lucy Ito, President/CEO of the National Association of State Chartered Credit Union Supervisors, and Buddy Gill, Senior Strategic Communications and External Relations Advisor to the Chairman for NCUA.

This convention provides a wide variety of information, education and idea generation tailored specifically for credit union leaders, boards of directors and emerging leaders who want to see their credit unions succeed now and into the future. For those who have never attended in the past, this event is a whirlwind of information from thought leaders in the industry, perspectives of the issues of the day, and networking with credit unions to create cooperative opportunities for the future (access the convention schedule here). You can follow the convention on Twitter at GCUAGov, or with the hashtag #CUInSavannah.

Back to top

Call to Action Call to Action on Data Breach Bills
(Issue 2 of 6)

Credit unions across the country are engaging in two national calls to action to support legislation to strengthen data security standards. In the last edition of Creating Influence Georgia credit unions were asked to send a message of support for S. 961, which would strengthen merchant data security standards comparable to those of credit unions, and mandate a federal notification requirement for merchants when breaches occur. The bill provides a floor for data security standards nationwide, and would exclude financial institutions from the requirements as they are already subject to rigorous standards under the Gramm-Leach-Bliley Act. On May 4th a second nationwide call to action was announced to support a similar, newly introduced bill in the House: H.R. 2205.

Please click here to send a message of support for the House bill and here for the Senate bill if you have not done so already, and please share this with your credit union team.

Back to top

TNCFinal Hurdle Cleared: Insurance Standards Bill for TNCs Now Law! (Issue 3 of 6)

On Wednesday, May 6th the Governor approved a hard-fought issue by the credit union lobbying team to protect consumers and credit unions when he signed HB 190 by Rep. Rich Golick (R-Smyrna) into law! This will provide insurance standards for any ride-share Transportation Network Company (TNC) such as Uber and Lyft that operates in Georgia. This bill was heavily lobbied by GCUA throughout the process to move the issue forward, and provides clarification of appropriate insurance parties and coverages, creates a lien holder notification for the TNCs to direct their drivers that they may be in violation of their loan agreement, and help protect consumers in the event of an accident. This legislation has been a volatile issue across the country in other state legislatures, and GCUA has been actively working different channels on the federal level to help secure a positive working environment for the future not just with TNCs, but with the broad concept of a “sharing” economy.

Back to top

SB 95 signing
Among those at the signing of SB 95 by Gov. Nathan Deal, center, were GCUA's Brandee Bickle, on the governor's immediate left, and Diana Houston, next to Bickle.
Governor Signs Credit Union-Backed Escrow Bill into Law (Issue 4 of 6)

On Wednesday, May 6th the Governor signed into law one of the bills lobbied on behalf of credit unions: SB 95 by Sen. Michael Williams (R-Cumming) seeks to expand where real estate agents can deposit escrow funds, and will broaden the law to include credit unions. GCUA was invited to be a part of the bill-signing ceremony by Sen. Williams as a thank you for all of the work put forth in obtaining final passage of this legislation.

This bill was made possible due to Congressional action when the Credit Union Share Insurance Fund Parity Act, which directs NCUA to extend share insurance coverage to trust accounts and other similar accounts, was signed into law in December 2014. With the new federal law outlining the insurance coverage, the state bill, SB 95, secures the ability of Georgia credit unions to offer these escrow accounts to their members if they so choose. Georgia credit unions were a part of this effort to pass the legislation prior its introduction and worked with Sen. Williams to help move the bill forward in the state process.

Back to topUp arrow

HB 184 signing
From left: Bo Fears, Department of Banking and Finance; Commissioner Kevin Hagler of the DBF; Gov. Nathan Deal; State Rep. Bruce Williamson, and Brandee Bickle, GCUA
GCUA on Hand for Signing
of Parity Powers Bill (Issue 5 of 6)

On Tuesday, May 5th GCUA was on hand to witness the Governor enacting a bill that makes extensive revisions to the Title 7 of state law, of note to provide credit unions stronger parity powers and make several regulatory changes. The Department of Banking and Finance Housekeeping Bill HB 184 by Rep. Bruce Williamson (R-Monroe) provides state-chartered financial institutions stronger parity with federally chartered institutions, outlines how a bank could convert to a credit union, requires out-of-state credit unions operating in Georgia to have federal insurance, provides the Department the ability to conserve a troubled credit union, requires the comprehensive audit of a credit union with assets of $15 million and above be done by a licensed, independent public accountant or firm, sets a minimum standard of conduct of directors, and provides credit unions the ability (if they so choose) to pay on behalf of members the required amount to join the credit union.

Back to top

Polish delegation visit
State Sen. Nan Orrock, center, with international delegation from SKOK JAWORZNO Credit Union
Legislators Connect with Polish Credit Union Delegation
(Issue 6 of 6)

On Tuesday, May 5th Polish credit union officials from SKOK JAWORZNO Credit Union visited the state Capitol as a part of their information exchange trip with Delta Community Credit Union. Senator Nan Orrock (D-Atlanta) presented a welcome letter from Governor Nathan Deal to the international delegation, and sat down with the group to discuss the credit union system in Poland. Sen. Orrock is the district senator for Delta Community CU and a member of two credit unions herself, and is extremely supportive of credit union issues in the state Legislature. The Polish delegation then traveled to Washington, D.C., to sit down with the staff of Congressman Rob Woodall’s (R-7) office and meet with members of CUNA. Their interest and political involvement with Georgia’s state and federal leaders helps illustrate the cooperative nature of credit unions around the world!

Back to top