Governmental Affairs

Credit unions, like all other financial institutions, are closely regulated regarding matters of compliance, safety and their scope of services. The laws governing financial institutions are continually under review by legislators at both the state and national level.
For this reason, credit union members, volunteers and employees actively participate in the legislative process.; It's important that lawmakers understand credit unions and their cooperative structure. Information on what makes credit unions different than other financial institutions is highlighted in The Credit Union Difference.

Credit Union Legislative Issues

Two major issues initiated by the banking industry both locally and in Washington, D.C. continually challenge the vitality of credit unions.

  • Restrictions in field of membership
  • Eliminating credit unions tax exempt status. To learn more about credit unions tax exempt status click here Why Credit Unions Are Tax Exempt.

By educating legislators about credit unions and how they serve consumers of all economic means, we preserve consumers’ right to conduct financial business as an alternative, not-for-profit cooperative financial institution.

Be A Credit Union Advocate
From time to time, credit unions call on their members to contact legislators about why they value their credit union. You can support credit unions by learning about credit union related matters in the state and federal legislatures and contacting legislators when issues arise.  To learn more, check this website often and visit these links:

Credit Union National Association’s Governmental Affairs

Colorado Credit Union League Governmental Affairs

For information on elected officials and how to contact them about issues go to Grassroots Action Center.