Oregon's incumbent treasurer, Ted Wheeler, a Democrat, has won formal support from the Credit Union Association of Oregon in the Nov. 2 election.
The Credit Union Association of Oregon is jumping into the November race for state treasurer giving formal support to the Democrat incumbent, Ted Wheeler.
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.
Washington State credit unions have scored a legislative victory in 2010 by winning the right to accept public funds starting in July of next year.
Washington State has now joined its southern neighbor, Oregon, in enacting legislation to deposit public funds in credit unions.
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.
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.