Grassroots

Every legislative session becomes more and more competitive, making it harder to protect the interests of the banks in South Carolina.  Because of this, the South Carolina Bankers Association has developed a Contact Bankers Network through which we can strengthen our efforts and develop a more powerful voice in the South Carolina General Assembly and the United States Congress.
 
When you join the Contact Bankers Network you will be kept informed of current legislative issues so that when asked you can make contact with your local legislator to relay the views of the banking industry.  When dealing with legislation, legislators often ask “What does this mean to the voters in my district?”  You, as the legislator’s constituent, can answer that question and make a difference.
 
Don’t miss the important opportunity to get involved in the SCBA’s grassroots program.  Help promote banking awareness to your legislator and let your voice be heard.

Grassroots – Communicating our Story

It’s important for our delegation, as well as the public and the media, to hear from our bankers how laws and regulations affect banking and our communities. To effectively do this, the ABA offers Bankers Speak Up, an excellent resource for materials, information and media for you to tell our story.

Every legislative session becomes more and more competitive, making it harder to protect the interests of the banks in South Carolina.  Because of this, the South Carolina Bankers Association has developed a Contact Bankers Network through which we can strengthen our efforts and develop a more powerful voice in the South Carolina General Assembly and the United States Congress.
 
When you join the Contact Bankers Network you will be kept informed of current legislative issues so that when asked you can make contact with your local legislator to relay the views of the banking industry.  When dealing with legislation, legislators often ask “What does this mean to the voters in my district?”  You, as the legislator’s constituent, can answer that question and make a difference.
 
Don’t miss the important opportunity to get involved in the SCBA’s grassroots program.  Help promote banking awareness to your legislator and let your voice be heard.

Grassroots – Communicating our Story

It’s important for our delegation, as well as the public and the media, to hear from our bankers how laws and regulations affect banking and our communities. To effectively do this, the ABA offers Bankers Speak Up, an excellent resource for materials, information and media for you to tell our story.

Credit Union Competition

Congress established credit unions in the 1930s to provide small-dollar loans to close-knit groups of people of modest means. To encourage credit unions in their mission, Congress exempted credit unions from federal income taxes.
However, many of today’s credit unions bear little resemblance to the industry that received this special tax exemption and today have become indistinguishable from the banking industry. Credit unions have leveraged their taxpayer subsidy to aggressively grow—becoming a $1 trillion industry. And as the credit union industry expands, it does so at the expense of all taxpayers.

Position

The credit union tax exemption is no longer justified. Credit unions have drifted from their original mission, and have outgrown their special tax-exempt status. Taxpayers can no longer afford to continue subsidizing the credit union industry. The goal is to have these large, aggressive credit unions return to their original mission or become subject to the same regulatory, supervisory and tax requirements as banks.

Enough is Enough: Say NO to Credit Union Expansion

The following materials put into perspective how credit union competition affects US in South Carolina. Please share this information with your representatives.

CU Real Story
Who Receives CU Mortgage Loans?
Top CU Business Lenders
Featured Graph

Click here for much more information provided by the ABA.


Follow Along… It’s Time To Pay!

Credit Union Competition

Congress established credit unions in the 1930s to provide small-dollar loans to close-knit groups of people of modest means. To encourage credit unions in their mission, Congress exempted credit unions from federal income taxes.
However, many of today’s credit unions bear little resemblance to the industry that received this special tax exemption and today have become indistinguishable from the banking industry. Credit unions have leveraged their taxpayer subsidy to aggressively grow—becoming a $1 trillion industry. And as the credit union industry expands, it does so at the expense of all taxpayers.

Position

The credit union tax exemption is no longer justified. Credit unions have drifted from their original mission, and have outgrown their special tax-exempt status. Taxpayers can no longer afford to continue subsidizing the credit union industry. The goal is to have these large, aggressive credit unions return to their original mission or become subject to the same regulatory, supervisory and tax requirements as banks.

Enough is Enough: Say NO to Credit Union Expansion

The following materials put into perspective how credit union competition affects US in South Carolina. Please share this information with your representatives.

CU Real Story
Who Receives CU Mortgage Loans?
Top CU Business Lenders
Featured Graph

Click here for much more information provided by the ABA.


Follow Along… It’s Time To Pay!

To become a Contact Banker, email your zip code and/or district and phone numbers to Neil Rashley at nrashley@scbankers.org.