Directors and Volunteers Discuss Risk-Based Lending Tools and Get a Political Update

HIGHTSTOWN, N.J. – NJ DNA members gathered at the League office Wednesday night for a meeting focused on risk-based lending tools and the latest in legislation and politics hosted and sponsored by Atlantic Health EFCU.

Sponsoring NJ DNA Meeting credit union Atlantic Health Employees EFCU's CEO Susan McNulty welcomes credit union volunteers and directors to Wednesday's meeting.

Directors and volunteers who had attended the League’s “Risk Based Pricing Tools Review for Boards/Volunteers” session in January shared their findings with the group during a roundtable discussion.

NJCUL Vice President of Corporate and Governmental Affairs Chris Abeel also gave an update on the political and legislative landscape both on the national scale and right here in New Jersey. Abeel pointed out that currently the financial services industry is operating under one of the most pro-business federal governments in recent history, with unparalleled opportunities for regulatory relief.

And, while we lost an important House Financial Services sub-committee chairmanship with Scott Garrett’s defeat in November, two delegation members, Reps. Tom McArthur (R-3) and Josh Gottheimer (D-5), have been named to the committee.

NJCUL Vice President of Corporate and Governmental Affairs Chris Abeel shares an update on the political and legislative landscape on both the national and state scale.

Abeel then gave an overview of the landscape here in the Garden State, highlighting 2017 as a major election year with the governorship and all 120 seats up for grabs, pointing out that some key credit union supporters are not seeking re-election.

He then reviewed state legislative priorities, including electronic lien and titling (ELT), interchange, and “kill switch” legislation as well as national campaigns, including CUNA’s Campaign for Common-Sense Regulation.

Abeel will share this legislative and political update with member credit unions during a free Webinar on Wednesday, Feb. 15th at 2 p.m. To register, click here