SHFCU President Randy Chambers says CUNA's policy decisions are too politically conservative.
Trades argue measure will allow consumers and financial institutions to sue over damages from card data breaches.
CUNA and NAFCU say the legislation is a small step toward regulatory relief for credit unions.
Children's Miracle Network hospitals receive $525,852 from Credit Union Miracle Day, the races' title sponsor.
Complete coverage of the ongoing speculation over Fed rates.
Economists also predict loan and membership growth for credit unions through 2016.
Late submission to Congress is the fourth in a row for the agency.
Research shows NSF, courtesy pay and overdraft fees provide 40% of credit union fee income.
Credit unions take a reserved approach as the CFPB releases its initial payday lending guidelines.