Credit Union Regulatory Relief Act (CURRA)

SUPPORT H.R. 5519 - Credit Union Regulatory Relief Act (CURRA)

The House of Representatives is scheduled to consider H.R. 5519, the Credit Union Regulatory Relief Act as early as Tuesday, April 29. This legislation is the first step in providing credit unions the regulatory relief they need to continue to serve their members. Unfortunately, the bill is facing opposition the American Bankers Association and other anti-credit union interests. We need your help to secure CURRA's passage in the House of Representatives.

Please call or email Congress today with the following message:

To email your congressional representatives visit: http://capwiz.com/cuna/nc/home. »

• H.R. 5519 should be non-controversial - most of the provisions of bill have already passed the House in 2004 and 2006. The only new provisions within CURRA are targeted to allow credit unions to serve underserved people and areas and were very recently discussed at a hearing before the House Financial Services Committee on March 6.
  
  
• This is the first major piece of credit union specific legislation to be considered in the House of Representatives since 1998.
  
  
• CURRA would help credit unions serve people and areas that do not have access to mainstream financial service providers. This is common sense. It is part of the core mission of credit unions to serve consumers, but only multiple group credit unions are eligible to serve the underserved under current law. CURRA makes all federally chartered credit unions eligible to serve the underserved areas.
  
  
• VOTE YES on H.R. 5519. This is important legislation that will help credit unions serve their members well in the 21st century.

For more information regarding CURRA, please go to... http://www.cuna.org/gov_affairs/legislative/issues/2008/curra.html. »