Public Funds Bill Heads to Washington Governor
Washington state credit unions were cheering what they called a legislative breakthrough – final passage of a long-sought public funds bill adopted this week by the state House 80-16.
The Senate-approved measure, which does limit deposits by local government entities into CUs up to the $250,000 insurance maximum, now goes to Gov. Chris Gregoire who is expected to sign it. The law would take effect June 8.