CULAC, CUNA's political action committee, contribued $10,000 to his re-election campaign in 2014 and $10,000 to his leadership PAC. NAFCU's PAC donated $6,000 to Boehner's campaign in 2014.

Rep. Jeb Hensarling (R-Texas)

As the chairman of the House financial services committee, Hensarling has expressed concerns with the NCUA's risk-based capital proposal and questioned many of the CFPB's rules. He has also been critical of the $215 million renovation of the CFPB's headquarters. The NCUA board approved a revised version of the risk-based capital proposal in January. CULAC, CUNA's political action committee, contributed $10,000 to Hensarling's re-election campaign in 2014 and $10,000 to his leadership PAC. NAFCU's PAC donated $10,000 Hensarling's leadership PAC.

Rep. Maxine Waters (D-Calif.)

Waters is currently the ranking member of the House Financial Services committee. In July of last year, Waters expressed support for the NCUA's effort to change capital requirements but had concerns regarding the unintended consequences of the original proposal. 

"While I support the NCUA's efforts to revise its capital rules to ensure that lessons learned from the crisis are not forgotten, it is also important that those rules retain the strengths of the current examination process without unintentionally forcing examiners or credit unions to merely check boxes, especially with regard to concentration and interest-rate risks," she wrote before the original proposed was revised.

CUNA donated $5,000 to Waters' last re-election campaign. NAFCU's PAC contributed $10,000 to the ranking member's campaign account.

Letter link: http://democrats.financialservices.house.gov/news/documentsingle.aspx?DocumentID=391402

Rep. Peter King (D-N.Y.)

King, a member of the House Financial Services Committee, has re-introduced supplemental capital legislation, which supported by both CUNA and NAFCU. The Capital Access for Small Businesses Act would allow the NCUA board to let credit unions accept other forms of capital, as long as the board's action does not alter the cooperative ownership structure of credit unions.

CULAC donated $10,000 to his re-election campaign. Both CUNA and NAFCU contributed $2,500 to King's leadership PAC in the last election cycle.

Rep. Brad Sherman (D-Calif.)

Sherman, a member of the House Financial Services Committee, is a lead sponsor of the supplemental capital bill that was recently re-introduced in the House.

"We believe your legislation would provide credit unions with appropriate ability to raise capital from sources other than retained earnings without putting in jeopardy the 'one member, one vote' principle that is the bedrock of the credit union ownership structure," CUNA President/CEO Jim Nussle wrote in a letter to Sherman and King.

According to the NCUA, most federal credit unions can only raise capital through retained earnings, which limits its ability to expand into fields of membership more effectively and to offer better options to eligible consumers.

Sherman is addressing the GAC on Tuesday. CUNA contributed $10,000 to his re-election in 2014 plus $10,000 to his leadership PAC. NAFCU donated $5,000 to the Sherman's campaign account in 2014.

Senate Majority Leader Mitch McConnell (R-Ky.)

McConnell was elected unamiously as Senate majority leader in November of 2014.

"McConnell has supported credit unions since his election to Congress. He always sees us and listens to our concerns," Wendell Lyons, president/CEO of the Kentucky Credit Union League and Affiliates, said before McConnell won re-election.

CUNA and NAFCU contributed $10,000 to McConnell's campaign through their PACs. CUNA also supported McConnell's re-election with a $300,000 independent expenditure, which included $274,000 on television advertisements for McConnell and $25,000 in radio ads.

Sen. Richard Shelby (R-Ala.)

In the current session of Congress, Shelby has held two hearings focused on regulatory relief for credit unions and community banks as the chairman of the Senate Banking Committee. Larry Fazio, NCUA director of examination and insurance, testified at the first hearing on Feb. 10.

"In the near future we will continue this examination by focusing on unnecessary statutory and regulatory impediments across the financial services spectrum," Shelby said at the hearing. "While there are some who continue to argue that current law is beyond reproach there are many on both sides of the aisle that believe improvements can and should be made."

Following the hearing, Shelby asked Fazio in a letter why the NCUA decided not to hold public hearings on its operating budget. He also asked about the legality of the NCUA's proposed risk-based capital rule.

Credit union executives testified on behalf of CUNA and NAFCU at the second banking committee hearing on Feb. 12.

"We have asked our witnesses today to share their recommendations on ways to provide regulatory relief for smaller financial institutions, and how the regulators can improve their review of outdated, unnecessary, or unduly burdensome regulations to make it more comprehensive and meaningful," he said.

CULAC contributed the maximum $10,000 to his re-election committee and $12,000 to his leadership PAC while NAFCU donated $3,500 to his re-election campaign. Since 2010, CUNA said it contributed another $6,000 to Shelby's leadership PAC.

Sen. Sherrod Brown (D-Ohio)

Brown, the ranking member of the Senate Banking Committee, will speak at GAC during the general session on Tuesday. Brown has called for action on The Privacy Notice Modernization Act. If the bill became law, a credit union would only need to send a privacy notice to members if there has been a change in language from the previous year.

"This bill is ready for action and we should move on it as soon as we can," he said in February. "There is no question that regulators and Congress have been responsive to the concerns of small institutions. We have acted where legitimate problems have been identified, and members and stakeholders have come together to find a compromise."

The structure of the CFPB was raised at the recent Senate Banking Committee hearing on regulatory relief for credit unions and community banks. Sen. Sherrod Brown (D-Ohio) asked Wally Murray, president/CEO of the $515 million Greater Nevada Credit Union in Carson City, Nev., how putting a board in charge of the CFPB would help in terms of regulatory relief.

"We just believe it creates an environment for more sensible rulemaking from collaboration, much like among this committee, from different minds," Murray, chairman of the Nevada Credit Union League, told Brown in February. "When you have one person in charge of the entire bureau, who sets that agenda? One person essentially. We just feel like it's a more common sense approach to coming out with common sense regulation."

A bill that would install a five-person commission at the CFPB in place of a single director was recently introduced in the House.

CULAC contributed $10,000 to Brown in the 2012 election cycle. NAFCU's PAC told CU Times it donated $2,500 to Brown's 2018 primary campaign and $1,000 to his leadership PAC.

Sen. Orrin Hatch (R-Utah)

Hatch is the chairman of the Senate Finance Committee, which will preside over tax reform. Hatch has signaled a willingness to work with the White House on tax reform and the credit union trade associations have vowed to stay engaged. Both CUNA and NAFCU have said protecting the credit union tax exemption is their number one priority.

CULAC donated $10,000 to Hatch's re-election in 2012 while NAFCU contributed $3,000 to the senator's leadership PAC.