ST. LOUIS — The banking industry's apparent legislative success in neighboring Kansas to thwart field of membership expansion is fresh evidence credit unions "must proactively develop relationships of trust with lawmakers," Roshara Holub, the chairman of the American Association of Credit Union Leagues said Friday.
In that regard, CUs must start "to broaden their sphere of influence in order to advance favorable legislation," said Holub, who also is president/CEO of the Missouri Credit Union Association.
Commenting on the swift passage of a so-called "compromise" anti-CU bill by the Kansas Senate Wednesday and the negotiations between the bank and CU lobbies, Holub maintained that "there are times we are forced to sit down and have discussions with our adversaries." Still, that scenario might have been avoided if CUs in Kansas and elsewhere could have developed more clout with lawmakers early on, she said.
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