CUNA announced new legislative priorities for 2013 that includefour key agenda items: preserving the credit union tax exemption, reducing regulatory burden,engaging in housing finance reform and advancing credit unioncharter enhancements.
That marks a significant change from 2012, when raising themember business lending cap to 27.5% of assets was the primarygoal.
Why the change? Executive Vice President of Governmental AffairsJohn Magill said last year's atmosphere on Capitol Hill presentedan opportunity to get a vote on member business lending, aslawmakers were pressured to help small businesses. However, becausethe 113th Congress is expected to tackle tax reform, CUNA hasshifted its focus accordingly.
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