State Legislative Issues
Click here for the 2018 State Profile.
High Priority Legislative
These are the priority legislative issues as of 2018.
Enhance Credit Union Access
Why We Care: Over 2 million Georgians are members of the credit unions headquartered in this state. Ensuring that these citizens have access to credit unions is imperative, and as such GCUA advocates for changes that will create the environment for credit union success in the years ahead.
In addition, credit unions are unique, and Georgia credit unions are federally insured...but not FDIC insured. When bills are drafted that reference the words bank and/or FDIC, if left unaltered could have detrimental effects on the manner in which credit unions lend, serve members, or operate.
Protect Member Data
Why We Care: Cyber security is a priority for credit unions on a federal level, as credit union members are not immune to the impact of data breaches. Credit unions routinely cover the cost of fraud when these breaches happen at other locations, but also spend funds and resources blocking transactions, reissuing cards, and implementing multiple layers of resources and technology to protect consumer accounts.
Protect Fair Lending Operations
Process in Georgia
Protect Priority Lien
Status in a Mortgage
Why We Care: Everyone is negatively impacted in the event of a foreclosure, but there are some groups that wish to force foreclosing parties to pay unpaid fees/fines of the previous owner. This superseding of the credit union’s lien priority would directly add other’s debts to the expense of making the loan, and places the secondary mortgage market for Georgia at risk...impacting credit union’s ability to provide more loans to consumers.
Maintain Ability to
Work with Consumers
to Prevent Foreclosures
Why We Care: There have been bills introduced to alter the foreclosure practices and procedures of this state, many which would have inadvertently impacted the ability to work with the consumer. While no one wishes to start a foreclosure, it at times is an unfortunate necessity. It is imperative to ensure a lending environment that provides clear processes and maintains the ability of credit unions to work with consumers to help prevent them from losing their home.
Other Legislative Issues
Click here for the 2018 Session Top 25 Bills of Interest.
Click here to learn more.