MAY 20, 2016
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May 24 VOTE! Primary Election May 24th
(Issue 1 of 6)

Many candidates in the May 24 primary election have no competition in the general election, so it's critical that Georgia voters support the candidates of their choice in the primary.

 
     
  Making a Difference in the Elections: Credit Union Phone Bank Night (Issue 2 of 6)
North Georgia credit union leaders took part in a phone bank event on May 19, making get-out-the-vote calls on behalf of State Rep. Tom Dickson, one of only four credit union board members in the Georgia Legislature.

 
  Multiple Hearings in Congress with Opportunities to Push for Regulatory Relief and Expanded Authorities (Issue 3 of 6)
Several hearings this week in both houses of the U.S. Congress focused on issues of importance to credit unions, including regulations on phone contact with members, a proposed rule on arbitration and more.

 
  Opportunity to Grow and Be in the Know: Credit Union Annual Convention (Issue 4 of 6)
Another successful GCUA Annual Convention is in the books, leaving Georgia credit union people with ideas and inspiration to help them serve their members better and help members improve their lives.

 
  Update on Home Depot Lawsuit (Issue 5 of 6)
A federal judge rejected Home Depot's motion to dismiss a class action lawsuit over the retailer's 2014 data breach, finding that plaintiffs had stated valid claims of negligence and deceptive trade practices.

 
  Credit Unions in the News (Issue 6 of 6)
The credit union message continues to spread, as evidenced by coverage of the industry in a wide range of media outlets, from newspapers to magazines to the broadcast media.

 
 
 
VoteVOTE! Primary Election May 24th (Issue 1 of 6)

The primary election is on May 24th, and with it brings a myriad of federal, state and local races on the ballot. Many of these elections only have primary competition and will be decided by those who show up to vote in these May elections. Make certain that your credit union team is among those that decide these races, and encourage your members to vote through ElectionWatch, the nonpartisan get-out-the-vote website for your credit union.  

Seeking more than nonpartisan, get-out-the-vote information for you, your staff and/or your board? Here is additional insight into the races that you will not find on ElectionWatch:

FEDERAL

STATE

  • There are 236 state races, with 105 that have competition. Out of these, there are 43 races that solely have primary competition and for most, will be decided outright next week. The exception is seven races that have multiple primary opponents and may be forced into a runoff (or lose). Click here for the summary of these elections provided to the Advocacy Policy Committee and the CUPAC Board of Trustees previously in the quarter.
  • Two out of the four credit union board members who serve in the state Legislature have primary competition: Rep. Brooks Coleman (R-Duluth) and Rep. Tom Dickson (R-Cohutta). Credit unions provided physical assistance to both Dickson and Coleman to help support their campaign needs.
  • There were a total of nine candidates identified for potential credit union campaign assistance (outside of PAC funds), six of whom were targeted for the primary elections due to the timing of their competition. Out of the six, three had a need for credit unions to assist (Rep. Brooks Coleman, Rep. Brett Harrell and the below work for Rep. Dickson) with a fourth requesting assistance instead for the general election.
  • Credit unions provided financial support to state candidates via PAC contributions. In April, 97 requests for PAC contributions were received, with 39 political fundraisers for candidates for state office who were supported by credit unions. State candidates (incumbents only, not challengers) are not permitted to raise funds during the state session, which lasted from January to March. This equates to a high level of fundraisers the first week of January due to the early primary and the restriction on receipt of funds – for that week there were over 100 fundraiser events for candidates with just over 50 supported by CUPAC. All of this CUPAC support equates to $45,500 as of the end of April, with $15,000 of that contributed to the state parties and $30,500 to state campaigns.
Credit union involvement in the elections does more than provide funds, phone banking, mailers or yard signs for candidates – it helps support those who support our industry. It grows the level of legislative influence credit unions have on the federal and state level, which in turn helps shape the issues that impact the way you serve your members today and in the future. We encourage you to take advantage of the campaign activities and events that arise for the general elections, and engage in PAC fundraising to help grow the ability of credit unions to make an impact!
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Making a Difference in the Elections: Credit Union Phone Bank Night (Issue 2 of 6)

PhonesOn Thursday, May 19th credit union leaders in north Georgia made get-out-the-vote calls to help support State Rep. Tom Dickson (R-Cohutta) in his re-election campaign. Dickson is one of only four credit union board members in the state Legislature, and has two challengers in the primary election with no competition in the general – so the Republican who wins on the 24th wins the seat. Credit unions would benefit from Dickson’s return to office, as he is helpful in shaping the opinions of others in the House on credit union issues and stays dialed into the bills worked by the credit union lobbying team. In 2016 he was instrumental in pushing pro-credit union amendments as well as legislation forward, and over the years has consistently supported the issues important to the industry.

Thank you to the credit union volunteers from Georgia United CU, Rome Kraft FCU, and GCUA for sharing their time and generating calls to the individuals in the district yesterday evening. Phone calls from volunteers are often the only interaction a person may have with a candidate, and can drastically impact who shows up to vote! Credit unions made an impact on this election with their calls, and we look forward to the results on election night.

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Multiple Hearings in Congress with Opportunities to Push for Regulatory Relief
and Expanded Authorities (Issue 3 of 6)

CapitolWith both chambers of the U.S. Congress in session this week, CUNA will be tracking a number of hearings, as well as any possibilities for credit union-friendly additions to various appropriations bills.

  • On May 18th the Senate Committee on Commerce, Science and Transportation held a hearing on the Telephone Consumer Protection Act (TCPA) and its effects on consumers and business. Recent changes to the TCPA have led to serious concerns that it will restrict credit unions from being able to contact members with important account information, and CUNA had requested this hearing to address the issues and sent a letter warning the committee of the overreach of TCPA.
  • On May 18th the House Financial Services subcommittee on financial institutions and consumer credit held a hearing to examine the CFPB’s proposed rule on arbitration. CUNA sent a letter in advance of the hearing to the committee illustrating that the CFPB’s arbitration proposal is inappropriate for credit unions, given their nature as member-owned, not-for-profit financial cooperatives.
  • On May 19th the Senate Banking subcommittee on banking, housing and urban affairs held a hearing on what can be done to improve community and business access to capital. The hearing provided a good window to advocate for improving access to capital for small businesses through raising the member business lending cap of 12.25% of assets.
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Annual Convention 2016Opportunity to Grow and Be in the Know: Credit Union Annual Convention (Issue 4 of 6)

“Do Great Things,” the theme of the GCUA Annual Convention, embodied the positive way that credit unions not only help people afford life, but improve their lives. Credit unions heard from state, national, and international leaders of credit unions and other industries who provided insight, strategies, ideas and inspiration to take home and implement to do even MORE great things at their institutions. A combination of individualized educational programming for executives, professionals and board members, and networking – it was a whirlwind of activity and information in Savannah for the participants, with an unexpected twist of a Hollywood movie being filmed on the premises! To see the Annual Convention in a social media snapshot you can do so on Twitter @CUinSavannah1 or Instagram CUinsavannah, but the best way to experience it is live. Make plans to join your fellow credit unions next year on May 17th-20th, 2017!

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Home DepotUpdate on Home Depot Lawsuit (Issue 5 of 6)

On May 17th U.S. District Court Judge Thomas Thrash Jr. denied Home Depot’s motion to dismiss a class action lawsuit brought by financial institutions regarding the retail giant’s 2014 data breach. His decision held that financial institution plaintiffs had stated valid claims for negligence and various state consumer deceptive trade practices by Home Depot that compromised 56 million credit and debit cards. The U.S. District Court for the Northern District of Georgia, Atlanta division also denied the motion to dismiss associational plaintiffs, including those of credit unions, state credit union leagues and CUNA, finding that they had standing to seek injunctive relief against Home Depot.



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NewsCredit Unions in the News (Issue 6 of 6)

Credit unions continue to earn media coverage statewide and beyond. Whether it’s in a local newspaper, niche magazine or radio show, the credit union message is shared through a multitude of outlets across Georgia. Click here to see recent coverage of Georgia’s credit unions "In the News."

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