Colorado Credit Unions Impress Legislature

Successful credit union advocacy depends on several important factors, including participation by credit union enthusiasts, building and maintaining relationships with elected officials, and asking for support of priorities that help serve those officials’ constituents. Colorado Credit Union Day at the Capitol checked off all of those boxes Thursday.

Nearly 170 advocates joined the GoWest team in meetings with almost all members of the Colorado Legislature or with their key staffers. Guided by Katie March, Vice President, Legislative Affairs, advocates shared new reports detailing Colorado credit unions’ economic and community impacts; a $2.2 billion contribution to the state’s Gross Domestic Product (GDP), the services 2.8 million Coloradans receive from 79 credit unions across a 371-branch network in rural and metro communities, the nearly 18.000 jobs they support, and the financial dreams their loans help to make realities.

The advocates also asked lawmakers to support SB 80, which would allow banks that are up for sale, to sell their assets to credit unions if they choose to do so. Advocates debunked misinformation floated by opponents. Senator Cleave Simpson, (R-6) shared a lot of his time with attendees to learn more about the legislation.

(Rep. Cleave Simpson (R-6) with Colorado Credit Union Advocates)

State Representative Jennifer Bacon called out, “I love credit unions,” as a delegation led by Minnequa Works Credit Union President and CEO Nathan Cape arrived.

“It was a productive and heartfelt day,” said Cape. “We were able to share common values with elected officials from across the state. It was neat to see so many first-time participants, and their excitement.”

Meagan Barrett, President and CEO of Northern Colorado CU, said all of the training and preparation made participation feel “effortless and easy for us as a small credit union to join. We are thrilled we could participate and we’re looking forward to nurturing these new relationships.”

 

 

Posted in Advocacy on the Move, Colorado Advocacy.