President's Message

On March 17, 2020 (one year ago tomorrow) the League changed its weekly newsletter into a COVID-19 daily update.

This passage from that update (from last year) caught my eye:

Initial Response Plan
As we have seen especially in the last couple of days, this situation is rapidly evolving and it is nearly impossible to predict upcoming changes or impact. To that end, the League has put in place a plan to remain as nimble as possible, as available as possible, and as helpful as possible to all of Connecticut’s credit unions, regardless of affiliation status.

Current Operations:
Effective immediately, the League has postponed all in-person education and events at least through the end of April. We will continue to reassess the situation fluidly and remain as nimble as possible to regain normal operational status as soon as prudently possible.

That was April 2020 – not 2021. But here we are. It is my pleasure to announce that, effective immediately, we will begin to plan for and schedule in-person education, events, and meetings. 

2021 Legislative Update:

Some more good news: Our legislature is back in action for the 2021 session and the League has notched some early wins.

• The Insurance Committee not only raised a bill (H.B. 6585) to make Association Health Plans available to league members but held a public hearing on the bill. While chances of becoming law still face an uphill battle, the League expects the committee to move the bill to the full legislature for a vote.

• Through our consistent lobbying efforts, the Banking Committee eliminated a particularly onerous section of the foreclosure mediation program bill (S.B. 891) that would require lenders to provide borrowers with the same foreclosure alternatives as Fannie Mae. Now the fight will move to shifting the financial burden of the program onto the largest users of it.

• Finally, through our efforts on the remote notarization working group, the League is playing a leading role in the effort to help reduce your operational costs by helping Connecticut catch up with the 29 other states that permit electronic remote notarizations. Importantly, allowing for remote notarizations will also help you serve your members with mobility challenges or other needs for ADA accommodations. (See, H.B. 6604)

As always, thank you for the opportunity to serve you another week. We can’t wait to actually see you in person soon!
Bruce