If you have not done so already, please submit your “Connect for the Cause” message to your California State Assemblyperson regarding AB 2501 as soon as possible! We currently have just over 4,000 messages sent and need to reach 10,000.
Assembly Member Monique Limón has introduced AB 2501, a bill granting long term payment forbearance to homeowners and car owners. While well intentioned, AB 2501 will have a huge detrimental impact on credit unions and their ability to work with members needing assistance. It will also drive up the cost of all lending products for all members. This bill envisions a one-size-fits-all approach, allowing all Californians to pause their home and auto payments for up to one year, regardless of need, thereby placing an immense strain on your credit union.
AB 2501 already passed out of the Assembly Banking and Finance Committee and the Assembly Appropriations Committee, but with the acknowledgement of major credit union concerns. As the bill heads to the Assembly Floor for a key vote, we need YOU to reach out to your Assembly Member today!
Tell your Assembly member to vote NO on AB 2501
We recognize the incredible ongoing efforts by credit unions during the crisis to provide financial relief to their struggling members in California. While the California Credit Union League continues to fight AB 2501 to protect credit unions, please take action today as a constituent to make sure your voice is heard!
Thank you for your participation!
About the NCUCA
The NCUCA, organized in early 2015 with the goal of improving resources and efficiencies amongst credit unions collections employees and management nationwide. Lead by a board of directors representing credit unions across the country with the aim of developing low cost educational services and assisting in identifying efficiencies. The purpose of NCUCA is to help share networking, best practices, and solutions for the credit union movement and are actively leveraging our large network to help in advocacy to support the California Credit Union League.
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