The trend toward regional state leagues advanced anew this month with a proposal by the Credit Union Association of Oregon and the Washington Credit Union League to merge, effective next January.
The Credit Union Association of Oregon and the Washington Credit Union League announced plans Thursday to merge, effective next January.
Oregon State Sen. Rick Metsger, a Democrat and the industry favorite in Tuesday's primary turned up the loser but the Credit Union Association of Oregon said Thursday the effort was worth it.
In today's Oregon primary, credit unions are coordinating their support for one of the industry's leading "friends," state Sen. Rick Metsger running for State Treasurer on the Democratic ticket.
The banking industry may be licking their wounds these days, but "once they get their TARP funds back,"
The campaign by CUNA and state leagues to win lawmaker support for the deposit of public funds in credit unions made important gains last week,
State leagues, hoping to take advantage of the soured-bank climate, are making new legislative gains this week in moving along enabling bills allowing deposit of public funds in credit unions.
The industry's clampdown on travel/conference spending in 2008-2009 is easing a little this year, but the job of filling the seats among the trade groups remains a challenge.
On a vote of 24-6, the Oregon Senate has adopted a House-passed bill clearing the way for credit unions to offer public funds above $250,000 starting in 2013.
Oregon credit unions over the Presidents Day weekend cleared a key hurdle in the clash with banks over investment of public funds following passage of a key bill by the Oregon House, 44-13.