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Oklahoma Chapter Hosts CFPB at Meeting
Monday, October 27, 2014 7:00 AM

CFPB Jennifer Stockett
CFPB's Jennifer Stockett at Meeting with Greater Oklahoma Chapter of Credit Unions

Chapters are prime ground for political engagement activity, as those who have experienced it can attest. On International Credit Union Day, the Greater Oklahoma Chapter of credit unions hosted Consumer Financial Protection Bureau's Jennifer Stockett, senior advisor, Office of Financial Institutions.

How did they make that happen, and how can you make it happen at your chapter?

Chapter co-president Stephen Lark of Communication Federal Credit Union said he simply reached out to the CFPB and asked if they'd consider sending a speaker. After a short email exchange about the event, Stockett was confirmed.

"We indicated the chapter's main priority of having an open dialogue with the CFPB so that we could provide input from our perspective and hear first-hand about their objectives," said Lark.

The meeting took place at the Credit Union House of Oklahoma in Oklahoma City on Oct. 16. During the meeting, Stockett gave a brief presentation regarding CFPB initiatives, followed by a Q&A session.

ICU Day Chapter Meeting
ICU Day Chapter Meeting with Greater Oklahoma Chapter of Credit Unions

"Stockett encouraged credit unions to provide input on their proposed rules or any challenges and unintended consequences that resulted from CFPB rules," Lark recalled. "And she reiterated that they needed direct input to better understand credit unions and the impact on members."

Lark reported that the chapter typically hosts 40-60 credit union people at each meeting, including senior management and board members from the Oklahoma City metro area. Chapter leaders plan to engage other political officials over the next year. "One of our chapter goals is to have more impact on advocacy," Lark said.

If you would like help in preparing to meet your lawmaker, contact your Cornerstone advocacy team and let them guide you through the process. Get tips on making the most of your meeting; legislative summaries of credit union issues; talking points; and information for lawmakers to take back to their offices and share with colleagues. Contact Jim Phelps at jphelps@cornerstoneleague.coop or (469) 385-6481.