Higher loan limits, more meeting flexibility and other tidbits are in a bill making its way with bipartisan support through the Oregon legislature.
An Iowa legislator and credit union board member was dumbfounded by an eleventh-hour phone call from a banker on an upcoming vote.
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.
When it comes to credit unions and public funds legislation, it's been a mixed bag so far this winter with Oregon Gov. Ted Kulongoski ready to sign a milestone industry bill any day that will enable CUs to bid on municipal funds above $250,000.
St. Mary's Bank President/CEO Ronald Covey and Mid-Atlantic Federal Credit Union President/CEO Rick Wieczorek are scheduled to discuss the state of business lending and commercial restate during a House committee hearing on Friday.