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FirstLight FCU Hosts Advocacy Meeting with Rep. Beto O'Rourke
Thursday, November 19, 2015 7:00 AM

First Light FCU Meets Rep. O'Rourke

In an effort to beef up its involvement in advocacy, FirstLight Federal Credit Union held a meet-and-greet for its board members and invited Congressman Robert "Beto" O'Rourke (D-TX, District 16) to join them.

Fourteen people attended the meeting. CU leaders gave O'Rourke a tour of their call center and then met with him about the credit union's community efforts and gave feedback on legislative matters, including merchant data breaches, the CFPB exemption for credit unions, payday lending alternatives, financial education, down-payment assistance, and the development of a foundation.

"The impact of the Dodd-Frank Act, in general, has caused burdensome impacts on credit unions and their members," FirstLight FCU CEO Karl Murphy said. "FirstLight Federal Credit Union expressed concern about credit unions paying the cost of merchant breaches. Most recently, CFPB’s mortgage rule has been most onerous and costly, and Congressional action on exemption for credit unions is imperative." 

Murphy noted that everyone who attended felt the meeting went very well; that there was a good exchange of information and a commitment to keep the lines of communication open.

First Light FCU Meets Rep. O'RourkeFirstLight FCU has been serving the greater Fort Bliss community for more than 50 years. The credit union has nine branches, total assets of over $808 million, loans to members of $576 million, and members’ deposits of $733 million. To learn more about FirstLight FCU, please visit www.firstlightfcu.org.

Have you held advocacy meetings lately with your lawmakers, or do you have one on your agenda? We'd love to hear about it. To tell me your story, please contact me at kcockrill@cornerstoneleague.coop.