APRIL 14, 2017
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10 Top 10 Credit Union Lobbying Successes at State Session (Issue 1 of 5)
The credit union industry, unlike some others, enjoyed some notable successes in this year's state legislative session. Read on for details on the top 10.

  Flurry of Federal Activity in D.C. for Credit Unions Right Before Recess (Issue 2 of 5)
The time leading up to Congress' spring recess was full of activity of relevance to the credit union industry, including hearings involving the Consumer Financial Protection Bureau, retirement security, regulatory relief and other matters.

  Candidates in Congressional Race in the 6th District Connecting with Credit Unions (Issue 3 of 5)
A crowded field of 18 candidates is running for the vacant 6th Congressional District seat, but three have reached out to credit unions to discuss the race and their ideas for Washington, D.C.

  State Session Final Wrap-Up (Issue 4 of 5)
Of the more than 2,300 pieces of legislation introduced in this year's state legislative session, hundreds merited lobbying on behalf of the credit union industry.

  Credit Unions in the News (Issue 5 of 5)
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.

Top 10 Credit Union Lobbying Successes at State Session (Issue 1 of 5)

Top 10This year was a challenging year for anyone at the state Capitol due to the higher level (than normal) fighting between the Senate and House, and most industries saw their key issues fail early in the session. However, it was a very strong year for credit union interests. For a final wrap of the top 45 issues please see the article below – however, from a lobbying perspective, here were the top 10 wins for credit unions:

  1. Personal Liability Level for Board Member and Officers Strengthened: GCUA hit the ground running lobbying for passage of HB 192 (see below) and engaged in a multi-industry strategy to defeat steep opposition to the bill. This bill came close to stalling multiple times in the session despite hours of testimony, and through perseverance in the last days of the session it passed. This was a huge win for credit unions as this bill strengthens the protections of board members and officers in the decision-making process. This bill was a unique legislative need for Georgia, as a recent state Supreme Court case decided that the board of directors in Georgia could be held personally liable for ordinary negligence committed in the decision-making process. This bill places the personal liability level back to gross negligence.
  2. Reduced Field of Membership Barriers: Georgia credit unions were successful in gaining field of membership enhancements in HB 143 (see below).This bill adds “working” to the eligible criteria for field of membership – if an individual doesn’t live in the approved geographic area, but works there, they are eligible. In addition, the bill outlines that businesses headquartered within the field of membership may be eligible to join in the same manner as a “person.”This change was achieved through dialogue with the Department of Banking and Finance and the Credit Union State Law Review Task force during the summer of 2016, the engagement of banking interests to confront concerns head on before the bill’s introduction, and regular lobbying of legislators to keep the provisions.
  3. Eased Requirements on Fixed Assets for Credit Unions: Georgia credit unions were also successful in the 2017 session by procuring improvements the law that governs fixed assets/real estate property held by the credit union. This change was another enhancement achieved through the above process for HB 143 between credit unions and the Department of Banking and Finance.
  4. Operational Burden with Wire Transfers Averted: There are wins like those above in bills pushed across the finish line, and defensive wins where the work is to stop an issue. One example of a defensive win was on an attempt to place a fee on all wire transfers originated in the state as a way to generate revenue (see below HB 66 and HB 12). The lobbying began back in the fall to articulate the operational burden this would create, and the disparity between state and federally chartered credit unions. This issue was stopped in 2017.
  5. Creating the Window for Audit Flexibility for Smaller Credit Unions: Georgia credit unions were also successful in obtaining (and retaining) language in HB 143 to create flexibility and enhancements in the audit provisions for smaller credit unions by permitting different forms of audits to be held on a case-by-case basis. This issue was one that required testimony and lobbying of key legislators to keep this provision from being stripped out of the bill.
  6. Amid a Sea of Tax Bills, Credit Unions Were Protected: There were no fewer than 150 bills that were directly related to tax policy, and more than 110 of these required close monitoring on behalf of credit unions due to potential implications. And amid the large number of hearings on tax reform, reducing tax credits, and looking for other avenues of income for the state, credit unions were protected.
  7. Protections Gained for Credit Unions in Firearms Bill: GCUA engaged the firearms industry lobbyist in the off session to ensure that lobbying efforts of GCUA and others last year were not in vain if and when the industry pursued its anti-financial discrimination bill. This equated to no special cause of action language, added amendments to protect credit unions through recognizing the membership constraints, and preemption language so that federal and state charters are at the same level for parity. A mere 25 minutes before a hearing, GCUA learned that an unrelated bill was to be amended with the firearms language (without the amendments), and worked to ensure that the pro-credit union changes were added back.
  8. Auto Lending Operations Secured: During the session there were more than 20 bills that sought changes that could impact credit union auto lending operations. These included bills surrounding towing issues, where GCUA worked to protect notification standards to lienholders; TAVT bill hearings, watched to protect credit union operations; electronic titling mandate bills, where the legislator was engaged to ensure it did not include credit unions; bills on toll collections that were addressed to ensure that the loan collateral was not impacted, and ignition interlock bills that were monitored to protect second-chance auto lending programs.
  9. Open Door with Power of Attorney Reform: Lobbying is a “year-round” effort, and not one that is limited to the three months of the session. An example of this was the power of attorney reform bill, HB 221 (see below).GCUA had held a hike at home meeting with the bill’s sponsor, Rep. Chuck Efstration (R-Dacula), back in the summer of 2016 to create a relationship, and during the meeting he shared that he might look at revamping the power of attorney statue. Throughout his effort in 2017, he worked to ensure that financial institutions accepting power of attorney forms were not placed at a disadvantage or incur the liability that other interests were seeking to saddle credit unions and others with – something stressed in the hike meeting. Thank you to the hike group for sharing their time and creating this open door.
  10. Collateral Damage from GILA/Title Pawn Fight Averted: At times, a win is not an issue that you work to promote or stop – but rather, being aware of other industries’ legislative fights and lobbying successfully to prevent credit unions from becoming unintended collateral damage. One such effort was during the contentious and high-profile fight between the title pawn industry and the Georgia Industrial Loan Act industry, a fight that carried over onto the below SB 134 in the final week of the session. However, GCUA lobbied to keep SB 134 intact and not damage the ability to pursue the bill again in 2018.
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Cherry blossomsFlurry of Federal Activity in D.C. for Credit Unions Right Before Recess (Issue 2 of 5)

Both the U.S. House and the U.S. Senate are out in recess now for their “spring district work session,” so keep an eye out for opportunities to engage with them at town halls, civic groups, or anywhere in the home district. The time leading up to this break, however, was packed with activity of credit union interest on a federal level. GCUA was engaged with CUNA and representatives from six other state leagues in the region, Georgia’s Attorney General weighed in on the Consumer Financial Protection Bureau (CFPB), and credit union interests on Congressional issues were shared at three hearings on Capitol Hill last week as well as the leadership of the two banking committees this week:

  • Georgia’s Attorney General Chris Carr has expressed support for a recent Department of Justice amicus brief that takes issue with how the CFPB is structured, citing that the single-director structure is unconstitutional. He also had Georgia join a coalition of 14 other states in the filing of an additional separate brief last week against the CFPB. Reforms to the CFPB is a consistent talking point of credit unions in Washington, D.C.
  • On April 5th CFPB Director Richard Cordray gave his testimony before the House Financial Services Committee. CUNA sent a letter to reiterate the need for tailored rulemakings from the bureau, as one-size-fits-all regulations are creating regulatory burdens that are affecting consumer access to credit.
  • Also on April 5th the Senate Banking subcommittee on economic policy conducted a hearing titled "The Current State of Retirement Security in the United States." CUNA sent a letter for the record of this hearing to promote and protect credit unions.
  • On April 6th, the House Financial Services subcommittee on financial institutions and consumer credit hearing titled "Examination of the Federal Financial Regulatory System and Opportunities for Reform” was held, with CUNA submitting a letter on behalf of all credit unions to pursue opportunities for regulatory relief.
  • On April 7th, GCUA engaged with CUNA and advocacy league individuals from Alabama, Kentucky, Louisiana, Mississippi, North Carolina and Texas to discuss legislative trends seen in other states, issues at the federal level, and what is on the horizon in Washington, D.C. with tax reform.
  • In the evening hours of April 12th, CUNA received an advance notice that U.S. House Financial Services Committee Chairman Jeb Hensarling (R-TX) has multiple changes to the “Choice Act,” a bill that includes multiple provisions to improve the operational environment for credit unions and others.
  • On April 14th Georgia joined other states and CUNA in a joint letter to Sen. Mike Crapo (R-ID) and Sen. Sherrod Brown (D-OH), the leadership of the U.S. Senate Banking, Housing and Urban Affairs Committee, urging them to give the CFPB clear direction to exempt credit unions from their rules, create member business lending improvements (including eliminating the cap), and modernize credit union field of membership in their legislation.
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VoteCandidates in Congressional Race in the 6th District Connecting with Credit Unions (Issue 3 of 5)

Election season is under way for those living in the 6th Congressional District, as Georgia has a special election for that U.S. Representative seat vacated by Secretary of Health and Human Services Tom Price. This election is April 18th, and a runoff is almost guaranteed due to the large number of candidates running in the race. There are no fewer than 18 candidates running in this Congressional race, three of whom have reached out to credit unions in their efforts to break ahead of the pack: Karen Handel (R), Judson Hill (R), and Jon Ossoff (D).

These three individuals are familiar with credit unions due to their previous experience in state and/or federal politics, and on Wednesday, April 4th Georgia credit union leaders from Associated CU, Delta Community CU and GCUA sat down with Hill to discuss his focus for the race and for Washington, D.C. Ossoff sat down with CUNA’s CULAC representatives in Washington, D.C. recently as well to discuss the same. This race will be a tough road for any candidate given the large volume of people running. What also makes this race interesting is that there is no “primary,” meaning all 18 individuals are running against each other. The top two, regardless of party, will be the ones to advance to the runoff. If you live in the 6th District, early voting has already begun. Please visit the Secretary of State’s My Voter Page to see when and where you can vote.

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Sine dieState Session Final Wrap-Up (Issue 4 of 5)

There were more than 2,300 pieces of legislation introduced during this first year of the two-year cycle of the state legislative session. Out of all these bills, there were more than 300 that required active monitoring, lobbying and efforts on behalf of credit unions due to their potential impact to the industry – in addition to pursuing positive legislative initiatives. And with 236 state legislators, 949 active lobbyists, and more than 3,500 groups represented by a lobbyist down at the state Capitol, credit unions are not alone by a long shot. However, 2017 was a positive year for the issues addressed on behalf of the industry:

  • Abandoned Mobile HomesHB 381 by Rep. John Corbett (R-Lake Park) sought to provide property owners a legal method of disposing of abandoned derelict mobile homes that are titled to someone other than the property owner, and has been monitored closely to ensure that proper notice is provided to any lienholder prior to disposal – something Rep. Corbett wants to protect for financial institutions. This bill DID NOT PASS and was held over for action in 2018.
  • Anti-Financial Discrimination for Firearms Dealers: HB 292 by Rep. Rick Jasperse (R-Jasper) was the bill that was amended with the anti-financial discrimination language from 2016, with the amendments that GCUA worked to procure to protect credit unions. These credit union amendments state that it is not considered discrimination to follow law, regulation, or for denial of service due to membership restrictions, as well as preemption language that (so that if it does not apply to federal charters, state charters would not apply either). The bill PASSED the legislature by the final week with the credit union amendment language intact.
  • Anti-Terrorism: SB 1 by Sen. Bill Cowsert (R-Athens) was a Senate leadership priority bill covering broad anti-terrorism provisions. This bill had been monitored in the process as it had granted new powers of the Attorney General to subpoena financial accounts and transaction data. The bill DID NOT PASS by the final week and failed in a floor vote in the House, however it is anticipated again in some form during 2018.
  • Bankruptcy Law Changes: SB 87 by Sen. Jesse Stone (R-Waynesboro) seeks to adjust the bankruptcy code on how certain debts are discharged. This bill PASSED.
  • Bankruptcy Law Changes – Health Savings Accounts: SB 71 by Sen. Jesse Stone (R-Waynesboro) seeks to add health savings accounts to those that are protected in bankruptcy proceedings. This bill DID NOT PASS.
  • Blighted PropertiesHB 434 by Rep. Wendell Willard (R-Sandy Springs) was a bill on eminent domain directed at streamlining how counties and cities seize blighted properties and had been monitored closely through the process to ensure that lienholders are not negatively impacted. This bill PASSED.
  • Sine dieBoat Titling: HB 357 by Rep. Ron Stephens (R-Savannah) attempts to institute a boat-titling process in Georgia which would be managed by the Department of Natural Resources to coincide with the registration process. This bill DID NOT PASS; however, action is anticipated in 2018.
  • Board Member Protections/Business Judgment Rule: HB 192 by Rep. Beth Beskin (R-Atlanta) strengthens the business judgment rule for financial institutions and general business – specifically to strengthen the protections of board members and officers against charges of “ordinary negligence” in their decision-making process. GCUA has been heavily involved in pursuing this credit union priority bill; this bill PASSED.
  • Checks: SB 198 by Sen. Elena Parent (D-Decatur) sought to prevent those small-dollar lenders that fall under the Georgia Industrial Loan Act (and not credit unions) from mailing live checks that create a contract once they are cashed. It was monitored to ensure it does not inadvertently wrap in general credit card operations. This bill DID NOT PASS.
  • Credit Checks in Hiring Practices: HB 182 by Rep. Winifred Dukes (D-Albany) sought to limit how employers utilize credit reports in the hiring process, and was monitored to protect credit union hiring practices. This bill DID NOT PASS.
  • Credit Union Operational Improvements: Credit union priority bill HB 143 by Rep. Bruce Williamson (R-Monroe) PASSEDThis is the Department of Banking and Finance’s housekeeping legislation, and contains multiple pro-credit union provisions to help improve operations and alleviate compliance burdens. These improvements were a direct result of the Department’s dialogue with a credit union task force that met in the summer of 2016.
  • Data BreachHB 499 by Rep. Sherri Gilligan (R-Cumming), along with her previous version, HB 82, sought to expand the consumer notice provisions in law where there is a breach of data, specifically to include instances where confidential data was provided to an unauthorized individual. These bills DID NOT PASS; however, in discussions with Rep. Gilligan, she said she will address the data security issue in 2018.
  • Deficiency Judgments: SB 86 by Sen. Jesse Stone (R-Waynesboro) sought to regulate deficiency judgments and levies on real property. This bill DID NOT PASS; however, it will be addressed during the off session in pending summer hearings of the Senate Judiciary Committee, and will be monitored closely to ensure that credit unions are not negatively impacted.
  • Defining PaymentHB 174 by Rep. Eddie Lumsden (R-Armuchee) clarified how insurance payments can be made, and delved into the specific details of financial institutions, accounts, and payments. This bill PASSED, and thanks to Rep. Lumsden for ensuring that credit unions were taken care of fully in this bill.
  • Disciplinary Actions on Real Estate Appraisers: HB 39 by Rep. Alan Powell (R-Hartwell) sought to clarify the penalties for any real estate appraiser who is found guilty of code of conduct violations, while providing the flexibility to address extraneous situations. This bill PASSED and was monitored to ensure that there are no changes that would impact mortgage lending operations at credit unions.
  • Sine dieElectronic TitlingHB 412 by Rep. Timothy Barr (R-Lawrenceville) sought to require auto dealers to utilize only electronic titling, and was closely to ensure that it is not expanded to financial institutions. This bill PASSED, and Rep. Barr was helpful with the concern to protect credit unions from being wrapped into the requirement.
  • Foreclosures: SR 481 by Sen. Jesse Stone (R-Waynesboro) sought to create a study committee to review the treatment of deficiency judgments and foreclosures during the off session/summer. This bill DID NOT PASS; however, hearings on the topic still are likely.
  • Foreclosure ReversalHB 27 by Rep. Billy Mitchell (D-Stone Mountain) sought to provide a debtor the right to cure/reverse a foreclosure if the previous fees and back payments have been made current. This bill DID NOT PASS, and was monitored closely as it is an ideal vehicle for other changes to the entire foreclosure process.
  • GarnishmentsSB 194 by Sen. Jesse Stone (R-Waynesboro) sought to make technical adjustments to the garnishment law that passed in 2016, and was monitored closely for any negative changes. It DID NOT PASS, but additional action on the bill is anticipated in 2018.
  • Homeowner Associations: HB 203 by Rep. Brian Strickland (R-McDonough) sought changes to homeowner/condo association laws to provide the ability of property owners to take control over defunct associations (found in developments that were not completed due to a builder closing). The bill DID NOT PASS; however, the contents of the bill were inserted into an unrelated bill SB 46 in the late hours of the last week with DID PASS. This issue was monitored closely to ensure the bill did not change into a lien-superseding attempt.
  • HOA Clearance LettersHB 410 by Rep. Sam Teasley (R-Marietta) sought to regulate fees charged by homeowner associations for a clearance letter at a mortgage closing. This bill DID NOT PASS, but action is anticipated in 2018. GCUA was in dialogue with parties pursuing the bill as well as the homeowner association interests to help protect credit union operations from being implicated in their search for a “compromise.”
  • Homeowner Solicitations: HB 197 by Rep. Sam Teasley (R-Marietta) sought to regulate entities that attempt to solicit money from new homeowners by requiring any business trying to sell a copy of the instrument conveying real estate prominently states that it is in fact a solicitation (and not a part of their required documents). The bill PASSED.
  • Ignition Interlock Devices: SB 212 by Sen. John Kennedy (R-Macon) sought to regulate the use of ignition interlock devices as they apply to DUIs, and was watched closely in the legislative process to ensure that the reach of the legislation only regulates the provisional licenses tied to interlock devices, and not the devices themselves, to protect second-chance auto lending programs. The bill DID NOT PASS and was held over for action in 2018.
  • Motor VehiclesHB 150 by Rep. Alan Powell (R-Hartwell) sought to add toll debts to those that can be recouped through the Department of Revenue through its debt setoff collection via "garnisheeing" income tax refunds. This bill PASSED and was monitored closely to ensure that it did not change to implicate the title of the vehicle and auto loan.
  • Sine dieNotary Public: HB 120 by Rep. Andy Welch (R-McDonough) sought to overhaul notary public provisions, and is monitored to protect credit union operations. The bill DID NOT PASS but action is anticipated in 2018.
  • Power of Attorney ReformHB 221 by Rep. Chuck Efstration (R-Dacula) sought to create a uniform procedure for the power of attorney process, and to create a stronger ability for the authorities to investigate and prosecute financial elder abuse and fraud. GCUA was in dialogue with Rep. Efstration to ensure that it did not create liability for credit unions. The bill PASSED.
  • Prize-Linked Savings: SB 134 by Sen. David Shafer (R-Duluth) sought to institute the ability for credit unions and banks to offer prize-linked savings accounts. This bill DID NOT PASS as it faced significant hurdles in the final days due to factors outside of the merits of the issue, as many bills did in the last two days of the session, and stalled due to issues with other bills. However, further action is anticipated in 2018.
  • Property Tax Notices: HB 204 by Rep. Brett Harrell (R-Snellville) originally sought to ensure that tax bills contain only taxes and do not contain any fees for ancillary services. However, the bill was drastically changed to exempt some hotels from the $5 fee towards the end of the session, and DID NOT PASS. This issue is anticipated again in 2018.
  • Real PropertyHB 76 by Rep. Rick Jasperse (R-Jasper) sought to enhance the law that changed last year on electronic filing of plats as well as condo plans, and was monitored for multiple property and lien superseding issues. It PASSED cleanly without any amendments to impact credit unions.
  • Regulatory Process Review: SB 2 by Sen. Mike Dugan (R-Carrollton) was another of the Senate leadership’s priority bills intended to quicken the process by which new businesses are authorized to operate in Georgia. Of note to credit unions, the original bill sought to ensure that any examinations are done with ample notice – and that any regulatory rule is approved by the Attorney General’s office. The most recent version removed the Attorney General provision, but would require state agencies to report on the economic impact (to the state) for any rule change. However, the bill DID NOT PASS and is anticipated again in 2018.
  • RegulationSB 67 by Sen. John Albers (R-Alpharetta) was another bill to alter how rules and regulations are created (and eliminated), and while the intent was to limit regulations, it painted with a broad brush and could have the reverse effect. The bill DID NOT PASS.
  • Self-Settled TrustsHB 441 by Rep. Barry Fleming (R-Harlem) sought to permit a new form of trust account to be offered in Georgia, and was monitored closely to ensure that creditors would receive notification if assets were placed under the trust. The bill DID NOT PASS and was held over for possible action in 2018.
  • Sales Tax Exemption ChangesHB 93 by Rep. John Corbett (R-Lake Park) sought to alters how businesses that are exempt from sales tax recoup any tax that should not have been paid. This bill DID NOT PASS, and was monitored to ensure that it did not implicate credit unions.
  • Sales and Use Tax Expansion: HB 61 by Rep. Jay Powell (R-Camilla) sought to expand sales and use tax to online commerce transactions that are not being captured presently. This bill DID NOT PASS, and was monitored to ensure that credit unions were not impacted.
  • Sick Leave: SB 201 by Sen. Butch Miller (R-Gainesville) sought to provide that employers that offer sick leave permit employees to utilize it to care for an immediate family member, but does not mandate that the leave be provided. This bill PASSED.
  • Sine dieTAVT: HB 327 by Rep. Jay Powell (R-Camilla) sought to make changes to the TAVT law for autos, including how the fair market value of used cars is calculated. The bill seeks to correct some issues in how leases are taxed, and places used cars at the same tax calculation as new cars (the higher of book or retail price). The bill was amended onto HB 340 by Rep. Shaw Blackmon (R-Bonaire) with how TAVT tax is calculated on used vehicles to retail sale minus the trade-in value. The bill was shrunk down to one paragraph after midnight on the last day of the session to only pertain to leased vehicles and PASSED. It was watched closely to protect credit union auto lending operations, and the changes pursued that did not pass are anticipated in 2018.
  • Tax Bills: In addition to the ones highlighted, there were more than 110 more tax bills that were monitored on behalf of credit unions during the session. These ranged from bills and discussions on income tax, exemptions, sales and use tax, and the intangibles tax.
  • Tax Executions: HB 375 by Rep. Brad Raffensperger (R-Johns Creek) changes minor language surrounding the delivery of tax execution notices, and repeals the ability for a tax commissioner to charge a personal fee for the tax executions, and was monitored to protect the priority lien status of credit unions in mortgage lending. This bill PASSED.
  • Tax Exemption Study: SR 222 by Sen. John Albers (R-Alpharetta) sought to create a study committee in the off session to review all tax exemptions in Georgia, and PASSED. It will be monitored closely to protect credit unions.
  • Tax Liens: HB 337 by Rep. Bruce Williamson (R-Monroe) sought to create a statewide tax-lien registry, and was monitored as previous discussions wrapped in the possibility of all liens. However, as drafted, it will apply only to tax liens – and while tax liens are always superior to financial institution liens, it was monitored closely to protect lending operations at credit unions. The bill PASSED.
  • Tax ReformHB 329 by Rep. Jay Powell (R-Camilla) sought to change the state income tax rate to 5.4 percent, and while it passed the House and Senate, it stalled and DID NOT PASS in the final hours of the last day in the conference committee process. The issue is expected again in 2018.
  • Title-Pawn TransactionsHB 353 by Rep. Brett Harrell (R-Snellville) was a bill seeking to allow title pawn shops to offer installment loans that had failed on the House floor on crossover day due to a fight between the industry and the Georgia Industrial Loan Act interests. The title-pawn industry lobbyists actively pursued opportunities to add the topic to another bill up until the final hour of the session, holding up the above SB 134 with an amendment to limit GILA entities from selling insurance and being located within a 3-mile radius of a military installation. The amendment was attempted on several bills, but the above HB 353 DID NOT PASS. It was monitored to ensure that it does not inadvertently wrap in credit unions and impact their ability to offer insurance products, or be located on a base, and these issues are anticipated again in 2018.
  • Towed Vehicle NotificationHB 417 by Rep. Wendell Willard (R-Sandy Springs) sought to streamline the notification process for when a car is towed. GCUA engaged the bill sponsor as well as the towing lobby to ensure that the timeframe in which a lienholder can obtain the vehicle was not altered (and the collateral not lost). The bill DID NOT PASS, nor did the attempts to add the language to other bills in the last days of the session.
  • Trust RevisionsHB 121 by Rep. Chuck Efstration (R-Dacula) was one of several bills that sought to reform the trust code, this one as it applies to minors, and was monitored to protect against unwanted amendments that could impact credit unions. It DID NOT PASS but is anticipated again in 2018.
  • Wire Transfer FeesHB 12 by Rep. Jeff Jones (R-Brunswick) and his substitute version HB 66 sought to require a fee on all wire transfers and would create added compliance burdens as well as operational disparities between state and federally chartered credit unions. GCUA has been in communication with Rep. Jones since October on the concerns his bill would create, and his substitute version was an effort to exempt credit unions. However, it still held concerns as drafted and the bill DID NOT PASS.
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NewsCredit Unions in the News (Issue 5 of 5)

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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