National Interchange Teleconference Scheduled for Wednesday

Posted by Marissa Anema Monday, April 11, 2011 11:38:00 AM

WASHINGTON - Interchange continues to be the priority issue for most credit unions at this time, and CUNA has schedule a national teleconference to update them on the latest developments and to offer guidance on how to mobilize their members.

The Wednesday teleconference will begin at 3 p.m. and should last about 30 minutes.

CUNA will underscore the need for credit unions to get their membership involved in the interchange fight, and will review the various resources and strategies for doing so.

There is no cost to participate and registration is available at:

In addition to an ongoing nationwide Call-to-Action, CUNA is unveiling a "Call on Congress" campaign aimed at CU members, including a toll-free number, (877) 422-3525, to help credit union members urge their congressional representatives to save free checking accounts at credit unions. CUNA, the Leagues, and credit unions are also developing a district-based letter-writing campaign.

Last week CUNA unveiled a video that calls on the 93 million credit union members nationwide to contact their members of Congress on interchange. The video is posted on CUNA's Facebook page,, and CUNA's interchange resource page on its Web site,

New Jersey credit union professionals, volunteers, and members are urged to visit NJCUL's Web site where they can easily send pre-drafted e-mails or letters to their representatives in Washington on this issue. New Jersey's active participation is extremely important because Senator Robert Menendez (D) and Congressman Scott Garrett (R-5) serve on committees that will prove key weigh-stations for the legislation to delay implementation, and further the potential impact, of the Fed's new interchange fee rules.

The NJCUL Online Grassroots Action Center is available at:


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