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Due to the COVID-19 pandemic, the 2020 Fall Hike the Hill will take place completely virtually. Meetings with our lawmakers remain one of the most important visual representations of credit union grassroots advocacy. Even in the midst of a pandemic and from afar, we can still successfully engage with lawmakers and make a lasting positive impact on the credit union movement.

 

Meetings with lawmakers will take place from September 14th to 18th and September 28th to October 2nd. Below are the meeting times and information. We are still in the process of scheduling meetings so if you lawmaker meeting isn’t schedule yet, please check back soon. We will be updating the schedule constantly.

 

Because Hike the Hill is completely virtual with no cost involved, please consider a contribution to LSCU FedPAC to aid in our advocacy efforts.

 

CONTRIBUTE TO LSCU FedPAC

 

FAQs

How do I participate in Virtual Hike the Hill this year?
A major benefit to our virtual event is the ability to include as many advocates as possible in the lawmaker meetings, not just a select few. Find your pertinent meetings ahead of time on LSCU’s Hike the Hill 2020 page (you will need a log on and password for security purposes), under the dropdown menus. On the day of the meeting, simply find the meeting on the page and click “Click here for meeting info” where the zoom log on is stored. It’s that simple!

 

Is zoom etiquette different for Hike the Hill than for other zoom meetings?
Over the last few months, LSCU has arranged numerous phone calls with lawmakers to inform them of our members’ immediate concerns during the COVID-19 crisis. These calls were vitally important, but short and to-the-point. The Hike the Hill zoom meetings will be longer, more conversational, and our chance to inform lawmakers of issues that affect us, including but not limited to COVID response. Since they are official business meetings, we ask that everyone dress for a meeting on Capitol Hill and turn on your camera! We will also engage the “raise your hand” function for those who have questions.

 

What is the format for these meetings?
Our general layout begins with our LSCU moderator introducing the lawmaker to those on the call. Then the lawmaker will take some time to speak to the group. Afterwards, we will move into a question and answer and informative discussion. Please refer to your brief (linked here) for information about our legislative issues and potential matters for discussion. We expect the meetings to last between 30 and 45 minutes. At the end of each meeting, we will take a photo of all our participants for social media and newsletter purposes, so make sure to smile!

 

Resources

Hike the Hill Talking Points

 

The Credit Union Difference

 

For 86 years, credit unions have been one of the strongest investments Congress has made in America’s communities. Credit unions are the original consumer financial protectors. They’re not-for-profit, member-owned financial cooperative that provide the same financial services that traditional banks do, but that’s where the comparisons end. Every credit union member is a shareholder because they’re all individual owners. A credit union’s net income is shared with all its members, which generally means fewer fees, better rates, higher savings return, easier access to credit, and better, more personalized service.

 

More standout differences:

 

  • Credit unions provide members with financial literacy and counseling.
  • Credit unions save members $13.6 billion annually.
  • Even non-members benefit by $5.3 billion annually due to the presence of credit unions in local banking markets.
  • In addition to advancing our communities by strengthening financial well-being, credit unions account for nearly $20 billion in local, state, and federal taxes annually.

 

CREDIT UNION FIRST RESPONDERS DURING PANDEMIC CRISIS

 

Members have looked to their credit unions for financial guidance during the devastating financial stress of the COVID-19 pandemic, which is why credit unions are considered financial first responders.

 

Since the beginning of this crisis, credit unions have remained on the front lines implementing changes to their products and services to increase member—and non-member—access to desperately needed credit. They have set up new digital channels and conducted transactions at their drive-throughs that were previously only conducted inside the lobby. Additional types of assistance credit unions have offered to those affected by COVID-19 include:

 

  • SBA Payroll Participation Program loans
  • New loan products (payroll advance, 0% personal loan, deferred payment, etc.)
  • Emergency loans
  • Modifications to existing loans (skip-a-payment, payment extensions, reduced interest, etc.)
  • Fee waivers/reductions
  • Other services (financial counseling, debt consolidation, credit protection, etc.)
  • Donations or assistance to community organizations

 

CREDIT UNIONS CARE CHALLENGE

 

The recent COVID-19 pandemic has left many consumers home-bound, putting a severe strain on local businesses. But the People Helping People philosophy of credit unions sprang into action. The Southeastern Credit Union Foundation (SECUF) invited all LSCU affiliated credit unions in Alabama, Florida and Georgia to join in the #CreditUnionsCareChallenge. To support their local economies, credit unions committed $25 per employee to commit a good deed while supporting local businesses and adhering to social distancing guidelines. To double the impact, SECUF matched every dollar contributed by member credit unions up to $25 per employee. These matched funds were donated to local community organizations, selected by the credit union. The credit unions used the matching funds to make an additional impact in their community, including the following examples:

 

  • Supported local businesses and restaurants
  • Purchased meals for first responders
  • Purchased school lunches for children
  • Made charitable contributions to a local food bank

 

To date, 75 credit unions have pumped a total of $927,000 into local economies through this program.

 

CREDIT UNION ISSUES

 

HELP CONGRESS PASS PPP FORGIVENESS LEGISLATION

 

Congress is working on legislation that will help streamline the forgiveness process for the SBA’s Paycheck Protection Program loans. Credit unions are united behind this effort and are asking lawmakers to cosponsor and support the passage of PPP forgiveness legislation.

 

Here’s why: America’s credit unions have issued many thousands of PPP loans to help small business owners recover from the impact of the pandemic. H.R. 7777 and S. 4117, the “Paycheck Protection Program Small Business Forgiveness Act,” would provide forgiveness for PPP loans of $150,000 or less and allow Main Street financial institutions like credit unions to remain focused on serving their communities rather than jumping through burdensome regulatory hurdles.

 

MERCHANT DATA BREACH

 

Credit unions are required by the Gramm Leach Bliley Act (GLBA) to have data security standards over their member’s data. This is verified by prudential regulators during routine examination. GLBA was passed 1999 and remains effective today.

 

The GLBA does not however, pre-empt state laws, allowing the states to further define security standards and breach notification laws. In 2018 California passed the California Consumer Privacy Act (CCPA), a comprehensive privacy regime that applies to businesses operating in CA with revenue above $25 million. CCPA contains narrow exceptions, for items covered under GLBA. However, if each state were to pass a different version of CCPA, not only would this complicate compliance for GLBA, it would complicate compliance across the nation.

 

  • Credit unions support a strong national data law that should cover all businesses and entities that collect, use, share, process, house and transmit personal information or other sensitive data. No entity should be able to escape responsibility.
  • State attorneys general and the Federal Trade Commission should have authority to enforce privacy laws.
  • Banking regulators should retain enforcement authority over those they examine given the success of the GLBA.
  • National data protection and consumer notification standards with effective enforcement provisions.
  • Preemption of inconsistent state laws and regulations in favor of strong Federal data protection and notification standards.
  • Ability for credit unions and banks to inform customers and members about a breach, including where it occurred.
  • Shared responsibility for all those involved in the payments system for protecting consumer data. The costs of a data breach should ultimately be borne by the entity that incurs the breach.

 

Our ask to Congress:

Credit unions have followed GLBA’s privacy and data security requirement for over 20 years. We agree there needs to be an update in this day of digital privacy. Our position is to support a very strong national data security law that brings all those that collect, use, share, process and house consumer information under one uniform standard.

 

PRESERVING THE CREDIT UNION TAX EXEMPTION

 

Federal Credit unions, as not-for-profit cooperatives, are categorized as tax exempt under section 501(c) (1) of the U.S. tax code, while state-chartered credit unions enjoy the same tax treatment under section 501(c)(14). Credit unions are organized and operated by volunteer boards of directors, do not sell stock or bonds, and return all profits to their members. To retain this structure, Congress has upheld an exemption from federal income taxes that was granted in the initial 1934 Federal Credit Union Act.

 

  • Credit unions continue to prove our tax exemption by:
  • Adhering to our mission and philosophy of people helping people. For example, short-term loans, courtesy pay, or payday loans are roughly 400% lower than other lenders.
  • More than half of credit union originated mortgages go to middle- or lower-income borrowers. Nearly 50% of credit unions have a specific focus on serving lower-income families.
  • More than 10% of credit unions are certified minority depository institutions.
  • Annually, credit unions provide $18.9 billion in direct and in-direct benefits to the consumer, outweighing our $1.9 billion price tag for the credit union tax status. While tax exempt from income, credit unions annually pay nearly $20 billion in local, state, and other federal taxes.

 

Our ask to Congress:

 

  • Please ensure the credit union tax status continues to be upheld.
  • Please speak with colleagues on the House Ways and Means Committee/Senate Finance Committee, speak to party leadership, and speak at any opportunity to assist your locally owned and controlled credit unions.

District Member Date and Time Meeting Information
AL01 Rep. Bradley Byrne Sept. 28th | 10:00 a.m. CST Register Here
AL02 Rep. Martha Roby Sept. 15th | 2:00 p.m. CST Meeting Concluded
AL03 Rep. Mike Rogers Sept. 14th | 10:00 a.m. CST Meeting Concluded
AL04 Rep. Robert Aderholt Oct. 2nd | 9:30 a.m. CST Meeting Concluded
AL05 Rep. Mo Brooks Sept. 16th | 1:00 p.m. CST Meeting Concluded
AL06 Rep. Gary Palmer Sept. 15th | 10:00 a.m. CST Meeting Concluded
AL07 Rep. Terri Sewell Oct. 1st | 10:30 a.m. CST Register Here
US Senate Sen. Richard Shelby Sept. 15th | 1:00 p.m. CST Meeting Concluded
US Senate Sen. Doug Jones Sept. 16th | 1:30 p.m. CST Meeting Concluded

District Member Date and Time Meeting Information
FL01 Rep. Matt Gaetz Oct. 1st | 1:00 p.m. EST Register Here
FL02 Rep. Neal Dunn Sept. 15th | 1:30 p.m. EST Meeting Concluded
FL03 Rep. Ted Yoho Sept. 30th | 1:00 p.m. EST Register Here
FL04 Rep. John Rutherford Sept. 29th | 3:00 p.m. EST Email murphy.kennedy@lscu.coop for registration details.
FL05 Rep. Al Lawson Sept. 17th | 11:30 a.m. EST Meeting Concluded
FL06 Rep. Michael Waltz Sept. 30th | 1:00 p.m. EST Register Here
FL07 Rep. Stephanie Murphy Sept. 30th | 2:30 p.m. EST Register Here
FL08 Rep. Bill Posey Sept. 15th | 11:00 a.m. EST Meeting Concluded
FL09 Rep. Darren Soto Sept. 30th | 1:30 p.m. EST Register Here
FL10 Rep. Val Demings Oct. 1st | 11:00 a.m. EST Register Here
FL11 Rep. Daniel Webster Sept. 15th | 2:00 p.m. EST Meeting Concluded
FL12 Rep. Gus Bilirakis Sept. 30th | 2:00 p.m. EST Register Here
FL13 Rep. Charlie Crist Sept. 15th | 10:30 a.m. EST Meeting Concluded
FL14 Rep. Kathy Castor Sept. 29th | 3:00 p.m. EST Register Here
FL15 Rep. Ross Spano Sept. 30th | 10:15 a.m. EST Register Here
FL16 Rep. Vern Buchanan TBA Meeting Info TBA
FL17 Rep. Greg Steube TBA Meeting Info TBA
FL18 Rep. Brian Mast Sept. 15th | 10:30 a.m. EST Meeting Concluded
FL19 Rep. Francis Rooney TBA Meeting Info TBA
FL20 Rep. Alcee Hastings Sept. 16th | 1:00 p.m. EST Meeting Concluded
FL21 Rep. Lois Frankel Sept. 14th | 11:00 a.m. EST Meeting Concluded
FL22 Rep. Ted Deutch Sept. 16th | 1:00 p.m. EST Meeting Concluded
FL23 Rep. Debbie Wasserman-Schultz TBA Meeting Info TBA
FL24 Rep. Frederica Wilson Oct. 1st | 1:00 p.m. EST Register Here
FL25 Rep. Mario Diaz-Balart Sept. 30th | 10:30 a.m. EST Register Here
FL26 Rep. Debbie Mucarsel-Powell TBA Meeting Info TBA
FL27 Rep. Donna Shalala Sept. 16th | 11:00 a.m. EST Meeting Concluded
US Senate Sen. Marco Rubio Sept. 29th | 1:00 p.m. EST Register Here
US Senate Sen. Rick Scott Oct. 1st | 2:15 p.m. EST Register Here

District Member Date and Time Meeting Information
GA01 Rep. Buddy Carter Sept. 28th | 1:00 p.m. EST Register Here
GA02 Rep. Sanford Bishop Sept. 15th | 10:00 a.m. EST Meeting Concluded
GA03 Rep. Drew Ferguson Oct. 1st | 11:00 a.m. EST Register Here
GA04 Rep. Hank Johnson Sept. 14th | 4:00 p.m. EST Meeting Concluded
GA06 Rep. Lucy McBath TBA Meeting Info TBA
GA07 Rep. Rob Woodall TBA Meeting Info TBA
GA08 Rep. Austin Scott Sept. 18th | 2:30 p.m. EST Meeting Concluded
GA09 Rep. Doug Collins Sept. 28th | 1:00 p.m. EST Register Here
GA10 Rep. Jody Hice Sept. 17th | 8:30 a.m. EST Meeting Concluded
GA11 Rep. Barry Loudermilk Sept. 17th | 9:30 a.m. EST Meeting Concluded
GA12 Rep. Rick Allen Sept. 16th | 11:30 a.m. EST Meeting Concluded
GA13 Rep. David Scott TBA Meeting Info TBA
GA14 Rep. Tom Graves TBA Meeting Info TBA
US Senate Sen. David Perdue Sept. 28th | 4:00 p.m. EST Register Here
US Senate Sen. Kelly Loeffler Sept. 29th | 11:30 a.m. EST Register Here

Larry Fazio, Executive Director of NCUA
Oct. 1st | 3:00 p.m. EST
Register Here

Discussion Points for NCUA Meeting

 

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Alabama Office: 22 Inverness Center Pkwy., Suite 200, Birmingham, AL 35242

Florida Office: 3692 Coolidge Court, Tallahassee, FL 32311

Georgia Office: 6705 Sugarloaf Pkwy., Suite 200, Duluth, GA 30097

 

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