Yes on Public Funds

It’s time to update this out-of-date state law and level the playing field!

 

Read the Denver Business Journal article on HB22-1277

 

We need YOUR help. 

As expected, the banks are out in full force spreading FALSE arguments. We need your help to combat these actions. It’s imperative that legislators hear from credit union supporters.

 

1. Contact Legislators

We need you to take action now on HB22-1277. The banks are already contacting their legislators with arguments that are COMPLETELY FALSE.

Click HERE to contact your legislators.

You can check the status of how many letters our credit unions have sent to elected officials here – PUBLIC FUNDS 1277 – Infogram

We are working to pass legislation to allow the state of Colorado and local governments—such as counties, cities and towns, school districts and fire departments—to use credit unions for their financial and banking needs.

In addition, please use this toolkit as your resource to help us partner to get it passed. These documents contain our key messages to use in supporting the legislation:

Bankers are spreading lies. Here’s how you can combat them:

HB22-1277 Myth_Fact

This bill is broadly supported in the state. Check out the growing list of cities and other entities that support.

HB22-1277 Supporters List

Public entities have approached credit unions, and have not been able to utilize them for public deposits. Learn why they deserve the choice.

Choice for Public Entities

The Colorado law is outdated, and public entities should be able to decide for themselves where they invest their community’s money.

Level Playing Field

Find out why credit unions are consumers’, and communities’, best financial partner.

Consumers’ Best Financial Partner

 

2. Contact the Business Affairs Committee Directly

The bill will be heard in the House Business Affairs Committee on March 24. The banks are individually targeting the committee members with a false narrative, so they need to hear from YOU to counteract what they’re hearing.

Please contact these legislators directly:

Dylan Roberts repdylanroberts@gmail.com;  cell 970-846-3054

Judy Amabile ja@judyamabile.com;  303-517-4698

Tom Sullivan tomsullivanhd37@gmail.com; 720-217-2764

Shannon Bird repbird35@gmail.com;  303-435-3480

Rep. Terri Carver repcarver20@gmail.com; 719-425-7590

Mike Lynch replynch49@gmail.com; 970-214-4272

Naquetta Ricks naquetta@ricks4co.com; 720-628-7534

Shane Sandridge shane.sandridge.house@state.co.us; 719-337-6801

Marc Snyder marc@snyderforcolorado.com; 719-233-1272

Tonya Van Beber repvanbeber@gmail.com; 970-590-7141

Kevin Van Winkle repkevinv@gmail.com, 303-905-1568

3. Share on Your Credit Union’s & Your Personal Social Media Channels

You may also download and use these graphics for social media outreach:

https://drive.google.com/drive/folders/1imdixvFVvr3GvrjR2XauMs4NVrdtnXay?usp=sharing

The Public-Facing web page for support information is

Yes on HB22-1277

Feel Free to add a link to it in any posts.

4. Send Letters to the Editor

We ask that you and members of your team consider sending a letter to the editor of your local newspaper. These letters will show support for the legislation and help the public understand why this is beneficial to the counties, towns, schools and fire districts in your community.

Below is a list, with links, for newspapers in the state. The links take you to the page to submit a letter to the editor.

As you prepare your letter, you can review the background and talking points in the documents above. We would like your letter to include some of the following key points. Please don’t copy and paste, but instead put these points in your own words and in terms of your credit union, members and communities.

  • Credit unions are deeply rooted in Colorado communities and were founded by people with a common interest like teachers, farmers and ranchers, and service members and their families.

  • Because of strong local ties credit unions invest heavily in their members and their communities, and historically credit unions have been champions of communities that empower members to achieve the American dream.

  • Outdated provisions in state law prevent credit unions from offering the same benefits of membership and financial services to the public sector—such as towns, counties, school districts and other government entities.

  • Colorado’s credit unions believe there is no longer a sound reason to bar credit unions from holding the public sector’s tax revenue since we comply with the same rigorous financial standards and state regulations as banks.

  • Local government agencies should have the option of depositing funds with credit unions since deposit yields often are often higher than most banks. Allowing this option may provide more, and sometimes better, financial options to communities.

When writing please use these tips to for an impactful letter:

  • Focus your letter—Shorter is better and generally about 300 words are recommended.

  • Open with a strong statement and place the most important information at the beginning. Letters sometimes are edited to fit the space available.

  • Use a personal story or experience to help strengthen your letter.

  • Be sure to provide your name, telephone number, email address and mailing address so the paper can verify that you wrote the letter. Some editors may write or call to confirm your information. Only your name will be published.

  • Click here for email links for newspapers across Colorado.

Thank you again for your support. We look forward to a successful effort to pass this legislation.

Newspapers across the state

Boulder Daily Camera: openforum@dailycamera.com

Colorado Springs Gazette: editorial@thegazette.com

Denver metro area weekly newspapers: press@continuumpartners.com

Denver Post: openforum@denverpost.com

Durango Herald: letters@durangoherald.com

Fort Collins Coloradoan: opinion@coloradoan.com

Glenwood Springs Post Independent: letters@postindependent.com

Grand Junction Daily Sentinel: https://www.gjsentinel.com/site/forms/online_services/letter_editor/

Greeley Tribune: letters@greeleytribune.com

Longmont Times-Call: opinion@times-call.com

Loveland Reporter-Herald: https://prairiemountain.forms-db.com/view.php?id=96

Pueblo Chieftain: opinion@chieftain.com

Steamboat Pilot: https://www.steamboatpilot.com/letters-to-the-editor/

Summit Daily: https://www.summitdaily.com/submissions/letter-to-the-editor/

Vail Daily: https://www.vaildaily.com/submissions/letter-to-the-editor/

You are about to be redirected away from MWCUA.com

CONFIRM CANCEL