TCUL Advocacy Update – May 13, 2021
The first session of the 112th General Assembly of Tennessee concluded last week, bringing to a close a final flurry of activity from the state’s lawmakers. On the credit union front, the bill to increase the Homestead Exemption passed both chambers unanimously and, last week, was signed into law by Governor Lee. This brought our […]
TriStar Advocacy Update – April 8, 2021
Nashville After months of hustle and bustle in the state legislature, credit union business is beginning to head for a conclusion. The much discussed interchange legislation, thanks to so many of you, was defeated for this year in both committees of record. While it will certainly be back, its defeat allows us to focus our […]
TriStar Advocacy Report
Homestead Exemption Bill Hits a Snag We have a couple of big updates on the state-level advocacy front to report. First, our bill to increase the Homestead Exemption hit a massive snag as Legal Services filed it with the wrong caption. This essentially renders the bill inoperable because the bill would change sections of the […]
TriStar Advocacy Update – Early February, 2021
Things are starting to ramp up in Nashville at the General Assembly this month. Last Monday night, Governor Bill Lee gave his State of the State address to the legislative bodies, kicking off the main course of the legislative session. Of note in the speech was a proposal to spend $200 million on bringing broadband […]
Tri Star Advocacy Update – Late January 2021
This week at the Capitol is a relatively quiet one, with the legislature in a two week period of organizational recess in between the convening of the 112th General Assembly and the start of regular session. But the body did meet last week for a special session on education, called by Governor Bill Lee. In […]
Credit Unions Welcome New Legislators to the TN General Assembly
The Tennessee Credit Union League recently sent messages to all new members of the Tennessee legislature, welcoming them to their respective offices and promising to work with them for the good of credit unions and their members statewide. The message emphasized that credit unions are our nation’s financial first responders, always on the front lines […]
Three French Hens – Of Advocacy!
As 2020 draws to a close, we want to remind you that Advocacy is a year round commitment. The credit union movement is strong because of our unified voice, and we want to be ready to go into 2021 stronger than ever! We wish you and your families a very happy holiday season and hope […]
Credit Unions Vote!
Election Day 2020 is less than a month away with early voting just around the corner! Credit unions have the opportunity to make their voices heard in the political process. Elections matter and 2020 is certainly no exception. Tennesseans will be casting their votes for US President all the way down to our state house […]
Tennessee Credit Union League and Others Join Letter to House and Senate Leadership on PPP Forgiveness
The Tennessee Credit Union League joined CUNA and leagues across the country to continue the push for streamlined PPP Forgiveness for small loans under $150,000. TCUL has been working with the TN delegation this summer thorough meetings like our Hike@Home to encourage them to support the efforts in the House and Senate to streamline the […]
Amidst Calls to Expand CRA, Credit Unions Should Take Advantage of the Advancing TN Communities Site
It is no secret that our banking friends have, in addition to advocating for the elimination of credit unions’ tax-exempt status, longed to add credit unions to the Community Reinvestment Act. This is something we have fought from the Act’s inception, rightly arguing that credit unions do not need to be subject to the Act […]