WASHINGTON (3/18/13)--Credit Union National Association President/CEO Bill Cheney details a positive past week for credit unions in the regulatory, political and public spheres in the latest edition of The Cheney Report.

In this edition, Cheney reports on a recent CUNA conference with National Credit Union Administration Chairman Debbie Matz and agency staff, during which derivatives authority, examination issues and NCUA efforts to update Prompt Corrective Action standards were discussed.

Productive meetings were also held on Capitol Hill, with Cheney and CUNA legislative staff discussing the credit union tax status and other issues with key legislators. Cheney notes that no legislator CUNA has spoken with has suggested that credit union taxation is on the table as a tax reform or spending issue. "We know an educated Congress, and public, are the best ways to preserve credit unions' tax exemption; that process continues on both fronts," Cheney writes.

The public perception of credit unions was again boosted by an early week CUNA appearance on Bloomberg Radio. Traffic on CUNA's consumer website aSmarterChoice.org received 804 daily searches for credit unions following CUNA Executive Vice President of Strategic Communications Paul Gentile's interview on Taking Stock with Pimm Fox, Cheney notes.

Each Friday, The Cheney Report delivers Cheney's insights on three to four key events and policy developments affecting credit unions into the e-mail inboxes of credit union CEOs.

The report also provides a valuable window into CUNA's actions on behalf of member credit unions and reinforces the value of CUNA membership, Gentile notes.

Past issues of The Cheney Report are archived on cuna.org.