Fraud solutions, regulatory relief covered in legislator meetings

November 7, 2025

Leagues are working to keep credit union issues in front of policymakers during the government shutdown, ensuring these priorities are top of mind when government business resumes. Lawmakers, in these conversations and other outreach, are lauding how credit unions are supporting those impacted by the shutdown.

The Hawaii Credit Union League and 23 credit union CEOs recently met with Rep. Jill Tokuda, D-Hawaii, sharing the many ways credit unions in the Aloha State are helping their members.

“The common denominator credit unions are hearing in their communities is the word ‘uncertain.’ The uncertainty is creating anxiety and stress in the communities, as this is not just impacting federal workers,” said Hawaii Credit Union League President/CEO Tim Ashcraft, who added, “Hawaii credit unions were proactive in preparing for the government shutdown. Mahalo to all Hawaii credit unions for assisting members and your communities. Congresswoman Tokuda can see that we are living our core philosophy of ‘people helping people.’”

Examples the group shared include: 

  • Pearl Hawaii Federal Credit Union has granted around $4 million worth of loan deferments so far, and has issued 150 short-term emergency loans;
  • Hawaii State Federal Credit Union has approved 300 separate loan deferments and granted 400 short-term emergency loans; and  
  • Molokai Community Federal Credit Union and Lanai Federal Credit Union have reached out to members they know are federal workers to offer help.

The Nebraska Credit Union League (NCUL) recently hosted a virtual town hall with Rep. Mike Flood, R, chair of the House Financial Services Subcommittee on Housing and Insurance.

Nearly 40 credit union leaders from across the state shared their position on digital assets, Currency Transaction Records (CTR) and Suspicious Activity Reports (SAR) thresholds, and payment fraud, among other topics.

Credit unions strongly support House legislation to raise the CTR reporting threshold to $30,000 (up from the current $10,000), and to create a payments fraud task force, and the group encouraged Flood to support both bills. 

NCUL also hosted a roundtable with Rep. Don Bacon, R-Neb., for credit unions and other community entities to share ways to help consumers impacted by the shutdown.

The Ohio Credit Union League and Towpath Credit Union hosted Rep. Emilia Sykes, D-Ohio, at Towpath’s Fairlawn headquarters. The group emphasized the importance of combating fraud, cutting regulatory burdens, and supporting policies to help credit unions do more at the meeting.

Rep. Sarah Elfreth, D-Md., recorded a video for the MD|DC Credit Union Association recognizing credit unions for “standing up and standing strong with so many federal workers.”

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