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EAST WINDSOR: Local CEO addresses Washington D.C. conference

McGraw-Hill Federal Credit Union President and CEO Shawn Gilfedder recently joined with other CEOs and Credit Union leaders in Washington, D.C.

EAST WINDSOR. — McGraw-Hill Federal Credit Union President and CEO Shawn Gilfedder recently joined with other CEOs and Credit Union leaders in Washington, D.C., for the Credit Union National Association (CUNA) 2014 Governmental Affairs Conference.
   Advocating on behalf of credit union members and the industry on key issues, Mr. Gilfedder met with governmental leaders and lawmakers from New Jersey and other states. He presented credit union legislative priorities including the importance of protecting the tax-exempt status of credit unions and preventing future risk of consumer data security breaches at retailers.
   Mr. Gilfedder, with other Housing Reform Taskforce members, met with and addressed issues with Alison O’Donnell, staff director to Sen. Jon Tester and the Senate Banking Committee. The group discussed the elements of the Warner Corker Bill on reform of Fannie Mae and Freddie Mac.
   ”When meeting with lawmakers and regulators, I had the opportunity to put issues in focus for them and educate them about the important role credit unions play in our national economy,” explained Mr. Gilfedder. “Being involved with CUNA and advocating for credit unions allows me to highlight the many benefits credit unions offer as well as reinforce the importance of financial wellness and literacy for all consumers, as well as credit union members.
   ”Looking out for the best interest of credit union members and the industry’s future, we support CUNA’s ‘Don’t Tax My Credit Union’ campaign. This effort has generated a record number of more than 1.3 million contacts with lawmakers. We have also aligned with CUNA in urging retailers to reimburse credit unions and members for the costs incurred from issues related to data security breaches. We support legislation and regulations which require more merchant accountability and protection for credit union members,” added Mr. Gilfedder.
   The McGraw-Hill Federal Credit Union, a member-owned cooperative, is a leading and progressive financial institution committed to members and the community at large through financial technology, financial education and literacy, and a consultative approach to banking, according to the company.
   The credit union offers a full range of banking, investing and insurance services to more than 20,084 members worldwide and serves more than 120 companies as a valued financial wellness benefit, according to the company.
   For more information, visit www.McGrawHillFCU.org or view videos about McGraw-Hill FCU at www.youtube.com/McGrawHillFCU.