New Bill Would Open FHLB to Privately Insured CUs
A bill that would allow privately insured credit unions access to the Federal Home Loan Bank system has been introduced in the House.
H.R. 6105, introduced Wednesday by Rep. Steve Stivers (R-Ohio) and cosponsored by Rep. Andre Carson (D-Ind.), would amend the Federal Home Loan Bank Act so credit unions that are not federally insured can take advantage of FHLB services.