URGENT ACTION: 10,000 MESSAGES REQUIRED TO PROTECT CREDIT UNIONS
Friday, June 5th
AB 2501 UPDATE
Assembly Bill 2501 remains a threat to the credit union movement — we need your immediate help to defeat it!
The bill requires credit unions to offer inflexible lengthy forbearances on mortgages up to Jan. 1, 2022 and lengthy forbearances on auto loans. It would significantly draw down levels of capital, preventing credit unions from serving their communities and potentially causing layoffs or even mergers.
We would not ask you to act immediately if this wasn’t urgent. Please request your staff to take one minute and participate in the “NO on AB 2501” campaign.
Right now, only 1,700 messages have been sent to state legislators across California opposing AB 2501. We need at least 10,000. Your participation is critical. Every credit union employee should act today. Defeating AB 2501 is crucial to the survival of every California credit union. Credit unions will see their capital quickly erode if AB 2501 is passed.
Action steps to take:
1. Forward this email to all of your colleagues, and/or copy-paste this sample email and modify it before sending to staff whom you manage.
2. Direct them all, including yourself, to the www.ConnectForTheCause.com webpage to sign up and send a message to your Asssemblymember TODAY.
Thank you to all the credit unions that have begun activating their employees. Now we must act in a unified voice. Help us get to 10,000 messages TODAY.
Diana R. Dykstra
President and CEO
California and Nevada Credit Union Leagues