SIX REGULATOR MEETINGS
With the National Credit Union Administration (NCUA), Federal Housing Finance Agency (FHFA), U.S. Office of Management and Budget (OMB), and Nevada Financial Institutions Division (FID).
2025 was a year of growth and impact for Nevada’s Credit Unions, driving real change for credit unions and their members across the state. By providing practical solutions in advocacy, compliance, education, communications, and strategic and social initiatives, we’ve equipped leaders and volunteers to make a meaningful financial difference in their members’ lives. As 2025 comes to a close, the focus turns to making 2026 even stronger, with lasting influence in Carson City, Washington, D.C., and communities across the state.
Signed into law:
State Charter Modernization (SB 375)
Financial Literacy Education (AB 289)
Internet Lenders (SB 437)
Elder Abuse Penalties (SB 60)
Consumer Protection (SB 49)
Failed:
Interchange Threat (AB 500/SB 438).
State Debt Collection & Member Privacy (AB 557)
Died:
Elder Abuse Liability Shift (SB 369).
Vetoed:
Wage Garnishment Elimination (SB 142)
Medical Debt Collection (AB 204)
Mitigated and Signed:
Coerced Debt (AB 250)
Stalled:
Portable Benefits Accounts (SB 336)
Legislative Balance:
Governor Joe Lombardo issued 87 vetoes, breaking the previous record and providing necessary political balance.
Proclamation Win (SCR 4):
Nevada’s Credit Unions worked with the Senate and Assembly to proclaim April 2025 as "Financial Literacy Month", acknowledging credit union efforts and the importance of financial education for Nevadans.
For a detailed recap, click here.
Washington, D.C.
engagement with the Nevada delegation.
Nevada legislators lead
nationwide credit union priorities.
Successfully signed
bills into law
*Less than 0.3% of bills were signed into law this year
MILLION
in tax savings in Nevada for the industry, preserving the credit union tax exemption.
ENGAGING IN CU PRIORITIES
• This year, out of 10,649 bills introduced, only 36 were signed into law — FOUR of those bills benefit credit unions — an outstanding achievement.
• Four priorities successfully mitigated or signed into law:
1) Credit union tax exemption defended
2) GENIUS Act signed into law
3) Homebuyers Privacy Protection Act signed into law
4) Repeal of the Consumer Financial Protection Bureau’s (CFPB) Overdraft Rule
• Two nationwide credit union priorities led by Nevadans in Congress:
1) Championed the Road to Housing Act, a bipartisan legislative package with 60+ bipartisan housing bills that passed the Senate Banking Committee.
2) Drafted a bill to give credit unions parity with banks under the Federal Home Loan Bank’s Community Financial Institution designation.
12 MEETINGS
• With Nevada members of Congress during the Governmental Affairs Conference and Hike The Hill.
• More than 75 meetings with advocacy partners.
PROTECTED TAX EXEMPTION & CERTAINTY
• Congressman Mark Amodei signed our letter to leadership, which speaks volumes and helped preserve the credit union tax exemption.
• Secured signatures for an important bipartisan letter to the House Ways and Means Committee.
• Nearly 8,000 messages sent to Washington, D.C. to preserve the credit union tax status.
• Established a federal framework for U.S. payment stablecoins.
• Championed consumers via the Homebuyer Privacy Protection Act.
• Repealed the Consumer Financial Protection Bureau’s (CFPB) Overdraft Rule.
SECURED A BRIGHTER FUTURE
• Congressman Mark Amodei drafted a bill that would expand the Community Financial Institution (CFI) definition under the Federal Home Loan Bank (FHLB) to include credit unions and increase the asset threshold for participation from $1 billion to $10 billion.
• Senator Catherine Cortez Masto played a crucial role in advancing the bipartisan Road to Housing Act, which included two of her bills (HOME Investment Partnerships Reauthorization and Improvement Act and the Preservation & Reinvestment Initiative for Community Enhancement Act).
• Heavily engaged with Nevada members of the U.S. House and Senate.
• Secured meetings with congressional leadership.
• Heavily engaged with Nevada members of the U.S. House and Senate.
• Provided guidance on U.S. Immigration and Customs Enforcement (ICE).
BUILT PRESERVATION AND LEGACY
• Launched the first “Don’t Tax My Credit Union” Spanish campaign.
• Held key leadership positions on regulatory and legislative advocacy committees.
For a detailed report, click here.
Major PAC Accomplishments
Corporate contributions to the Nevada State PAC, providing direct support for state legislative champions and defense.
Grassroots messages delivered. This volume sent through the Connect For The Cause platform in Nevada provided direct, personalized advocacy from members to elected officials.
Personal-dollar Contributions collected for the Federal PAC (October 2024 – September 2025) to educate, advocate, and build relationships.
MORE THAN 100 ENGAGEMENTS
Direct legislative engagements with key Nevada state policymakers and members of Congress.
20 DEDICATED DONORS
Individual donors in Nevada actively contributing personal dollars to the Federal PAC.
SECURED HISTORIC COMMITMENT
Historic member engagement and Political Action Committee (PAC) commitment.
STEPPED UP ENGAGEMENT
Magnified the depth of participation across the credit union community.
FOSTERED UNPRECEDENTED DEDICATION
A 76.9 participation rate of all credit unions in Nevada contributing to the State PAC.
High-Impact Achievements
SIX REGULATOR MEETINGS
With the National Credit Union Administration (NCUA), Federal Housing Finance Agency (FHFA), U.S. Office of Management and Budget (OMB), and Nevada Financial Institutions Division (FID).
REPEALED & RESCINDED
Repealed the Consumer Financial Protection Bureau’s (CFPB) Overdraft Fee Rule and vacating of the Credit Card Late Fee Rule (April 2025). Rescinded the NCUA's public publication of overdraft/NSF fee income data for credit unions over $1 billion in assets.
HIGHLIGHTED THE FHLB’S ROLE
Highlighted the Federal Home Loan Bank of San Francisco’s (FHLB) role as a low-cost liquidity partner and advocated for tools to increase Nevada housing supply and lower mortgage rates.
SECURED PARITY & LIQUIDITY
Promoted the GENIUS Act framework for equal digital asset powers as banks.
Successfully preserved the current debit card interchange structure.
Advocated for equitable treatment in the Community Development Financial Institutions (CDFI) certification process.
BLOCKED & DELAYED RULES
Secured a temporary Compliance Delay on the Small Business Lending 1071 rule.
Maintained existing limits on Regulation E fraud liability.
Initiated accelerated rulemaking to revise Section 1033.
PROVIDED REGULATORY RELIEF & GOVERNANCE
The National Credit Union Administration (NCUA) initiated the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) review to modernize/remove obsolete regulations.
Championed a full, bipartisan, three-member board and sustainable budgets.
Secured proposed federal credit union bylaw updates.
Education, Communications, & Impact
Empowering continuous learning and leadership growth across Nevada’s credit union community.
Highlights:
Building stronger connections and delivering actionable insights directly to our members.
Highlights:
Keeping members informed, connected, and prepared for what’s next.
Highlights:
Expanding financial inclusion and fostering a culture of service.
Highlights:
To view the Social Impact Report, click here.