The jury is still out, but it so far has been a mixed bag for CUNA and state leagues when it comes to passing public funds legislation this year with one major victory in Oregon but defeats in New Mexico and Colorado.
The industry hopes were still high, however, that bills allowing CUs to accept municipal deposits can be enacted in New Jersey, New York and perhaps elsewhere during current legislative sessions.
In Oregon, the state's Democratic governor, Ted Kulongoski, is ready to sign a milestone industry bill enabling CUs for the first time to bid on municipal funds above $250,000. Once signed, the new law takes effect Jan. 1, 2013.
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