NJ Joins Annual GAC Hike-the-Hill, Secures Support Commitments

Posted by Marissa Anema Thursday, February 28, 2013 11:51:00 AM


WASHINGTON – More than 4,200 credit union representatives, with an advocacy strategy of visiting each of the 535 U.S. Senate and House offices, descended on Capitol Hill yesterday afternoon during CUNA’s annual Governmental Affairs Conference (GAC) and Hike-the-Hill.

The group of New Jersey credit union representatives on the Hill yesterday. 

A total of 29 professionals and volunteers from 14 NJ credit unions joined NJCUL Director of Government Affairs Chris Abeel in meetings with the offices of 13 of the state’s 14-member delegation. 

Discussions centered on preservation of the CU tax exemption, growing regulatory burden and potential relief options, housing finance reform, and credit union charter enhancements.

From left to right: XCEL FCU President/CEO and NJCUL Board Member Linda McFadden, Rep. Frank Lobiondo, North Jersey FCU President/CEO Lourdes Cortez, and NJCUL Director of Government Affairs Chris Abeel.

Despite a busy voting session, several members took time to meet personally with New Jersey credit union advocates, including Rep. Scott Garrett (R- 5) who came off the House floor to talk about housing finance reform. Garrett chairs the sub-committee with jurisdiction over Fannie Mae and Freddie Mac.

A group of New Jersey credit union representatives visit with Rep. Jon Runyan. 

In addition to Garrett serving on the House Financial Services Committee and chairing the key sub-committee that will deal with housing finance reform, Sen. Menendez (D-NJ) serves on the Senate Banking Committee and Rep. Bill Pascrell (D-9) is a senior member of the House Ways & Means Committee, which has jurisdiction over all tax legislation.

“During the last Congress, seven members of our delegation added their co-sponsorship to MBL reform, six to the regulatory examination fairness bill, and one each to the supplemental capital and privacy notice reform bills,” Abeel said. 

“After yesterday’s meetings we have every reason to believe we’ll not only secure those co-sponsorships again in this Congress, but we’ll broaden support for our key issues, as well,” he continued. “We should never under estimate the value of taking time to meet face-to-face with our lawmakers,” he added.


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