Wisconsin Bill Passes to Up CU Charitable Donations
At the request of Wisconsin’s credit unions, the state assembly has passed a Senate bill that will allow credit unions to double their financial support for charitable and community organizations.
WCUL President/CEO Brett Thompson said he is grateful to the authors of the proposal, Sen. Glen Grothman (R-West Bend) and Rep. Dale Kooyenga (R-Brookfield), and its more than 30 cosponsors.
Wisconsin credit unions support close to 3,000 charities and programs with hundreds of thousands of dollars of monetary, in-kind and volunteer support annually, according to the league.
That support is in addition to the more than $200 million credit unions saved their member-owners in the form of lower rates on loans, higher rates on savings and lower and fewer fees for financial services in 2011, the league noted.