SALEM, Ore. -- Oregon Governor Ted Kulongoski has signed a bill into law that would enhance the authorities of state chartered credit unions there.
Senate Bill 592 allows the director of the Oregon Department of Commerce to set a filing fee for credit union articles of incorporation and bylaws; permits credit unions with low-income membership to accept deposits from nonmembers and to issue uninsured secondary capital accounts; empowers credit unions to cash and sell checks and money orders and send or receive domestic and international fund transfers for nonmembers in a credit union's field of membership with limited fees; authorizes credit unions to establish additional places of business; and allows nonmembers to serve as guarantor or co-obligator on member loans.
The governor signed the bill into law June 13, according to his official Web site (www.governor.state.or.us).
