Sheraton Grand Sacramento Hotel
1230 J St, Sacramento, CA 95814

The California GRR will take place in person at the Sheraton Grand Sacramento Hotel in the Gardenia Room.

SAFE Convention Center
1400 J St, Sacramento, CA 95814 

(entrance off 13th Street) 

The CA Credit Union League (CCUL) Legislative Reception on Monday, 4/4/22 is at the SAFE Convention Center Meeting Room 1.

California State Capitol—Swing Space
1021 O St, Sacramento, CA 95814

Legislative meetings on Tuesday, 4/5/22 will take place at the state capitol—swing space


Monday, April 4

  • 11:30 AM–12:30 PM: Volunteer Leadership Lunch (contact Emily Udell to RSVP)
  • 1 PM: Programming begins at the Sheraton (Gardenia Room)
  • 1–2 PM: DFPI commissioner meeting
  • 2–3 PM: Ballot Initiative overview
  • 3–4:15 PM: CA Redistricting panel
  • 4:30–5:15 PM: Senator Portantino Fundraiser
  • 5:15–7 PM: All attendees reception (SAFE Convention Center—Meeting Room 1)

Tuesday, April 5

  • 8 AM: Breakfast briefing at the Sheraton (Gardenia Room)
  • 9 AM–5 PM: Meetings with legislators & staff

Schedule Subject to Change.


Facts and Figures
As of fourth-quarter 2021 there were: 
  • 279 locally headquartered credit unions in California
  • 13.3 million members
  • $155 billion in total loans ($36 billion in total new loans)
  • $278 billion in total deposits
  • $107 benefit per member ($224 per household)
  • $1.4 billion in direct benefits to California credit union members*
*Benefits include lower loan rates, higher deposit rates, and lower fees (4Q 2021 figures from CCUL and CUNA’s Membership Benefits Report)


Introduction (5 minutes)

Team leaders should introduce themselves first, then call on others. Introductions should include your name, title, credit union, field of membership, and Project Zip Code numbers. After this round of introductions, team leaders should hand over the folder to the legislative member or staff.

Senate Bill 1176 (Limón): California Community Reinvestment Act (5 minutes) NO FORMAL ASK

  • The first bill we were slated to discuss was a proposal that would have enacted a state Community Reinvestment Act, Senate Bill 1176 (Limón). We are happy to report that the state CRA will not be moving forward but felt it was important to briefly discuss the pitfalls with a CRA for credit unions.
  • First and foremost, we appreciate the amendments to the bill and we understand the author’s good intentions.
  • Subjecting credit unions to a CRA will hinder our ability to best serve our members and the communities in which they live.
  • The federal CRA passed in 1977 to stop discriminatory practices occurring in the housing sector.
  • Credit unions were not included in 1977 and have never been included in the federal act because we are not-for-profit, member-owned financial cooperatives created to exclusively serve our members’ banking and lending needs.
  • The state proposal failed to recognize legal restrictions that would hinder a credit union’s ability to comply with the bill, including:
  • Field-of-membership restrictions limit who we can serve.
  • Credit unions have a strict member business lending cap that prohibit us from lending more than 12.25% of our assets to businesses.
  • Due to our unique member-owned structure, credit unions do not need a push to serve people of modest means; it is embedded in the mission of all credit unions. We firmly believe that subjecting credit unions to a CRA is not only unnecessary but will also have unintended consequences in the marketplace.
  • We want to thank the author again for amending the bill, and we look forward to continuing to serve the members of the community.
  • If you have any questions regarding the California Credit Union League’s position on the Community Reinvestment Act please contact Robert Wilson at (916) 325-1366 or

Assembly Bill 2051 (Cunningham) and Assembly Bill 2215 (Rubio) Financial Literacy Bills (57 minutes) SUPPORT

AB 2051 (Cunningham)
Assembly Members Low and Wicks
Location: Assembly Education Committee 
  • AB 2051 directs the California Department of Education to administer a grant program to assist local educational agencies, including schools, districts, charter schools, and county offices, in providing high quality financial literacy education in schools.
  • The grant money can be used for things like teacher and educator training, materials, and curriculum development to further financial literacy specific courses in schools.
  • Financial literacy is an important part of a student’s education and the statewide grant program in AB 2051 will help expand access to these valuable tools and life skills.
AB 2215 (Rubio)
Assembly Member Villapudua
Location: Assembly Education Committee
  • AB 2215 would create a public-private partnership to determine the best methods and solutions for instructing K-12 students in personal finance education.
  • This partnership would bring together a diverse group of public officials and private sector experts to develop and distribute model curricula, programs, and professional development.
  • By providing teachers and school districts with the proper resources and opportunities as laid out in AB 2215, all students in California will have greater access to quality personal finance education.
  • This bill is modeled after the successful approach in the State of Washington and seeks to increase the financial literacy of the next generation of Californians in an equitable and systemic way.
  • For reference, the Department of Education course framework recommends including financial literacy concepts in grade 12 economics, but California has no financial literacy standards for any grade level.

We also want to share a little bit about how credit unions are providing financial literacy in our communities. *Please share financial literacy examples specific to your credit union or you can use the following example:

  • With the assistance of the Richard Myles Johnson Foundation, the state foundation for credit unions in California and Nevada, credit unions host “Bite of Reality” events across the state.
  • This program presents students with a variety of financial situations and decisions, walking them through the everyday challenges they will one day face in managing their finances. From purchasing transportation and housing to having children and handling credit card debt, students must budget properly or risk financial failure.
  • Since the program launched in 2012, California credit unions have reached more than 109,000 students.

Our “ask”: Please support both AB 2051 and AB 2215 to encourage state efforts to better provide California students with a quality and accessible financial education. Also, if the staff and or member are interested in hosting a financial literacy event, get the best point of contact.




About Credit Unions
Click here to download

View the California Credit Union League’s support letter for AB 2051, addressed to California State Assembly Member Jordan Cunningham.

View the California Credit Union League’s support letter for AB 2215, addressed to California State Assembly Member Blanca Rubio.