Since before the turn of the century credit unions have been looking for a legislative win. Something that will not only improve our charter but also show that we can get proactive legislation passed. With the proposed MBL bill, we had the perfect legislation at the perfect time. We pulled out all the stops, lined up our support and were promised a vote before the 112th Congress adjourned on Dec. 31, 2012. 

 Well, we’re on to the 113thCongress without a new law or even a vote on MBL. Even worse, we are now faced with yet another fiscal showdown over the debt ceiling that has given the bankers the opportunity to bring our tax-exempt status into the fray. Of course, we’ve been assured that credit union taxation is off the table. But, depending on who you listen to, so is Medicare, Social Security, defense spending, Grover Norquist’s pledge, NRA common sense and expanded replay in baseball. Think they’re all safe? How bout at the state level?

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