SALEM, Ore. – The state House overwhelmingly passed a public funds bill to allow credit unions to accept deposits from a variety of public entities. The vote was 51 to 5. Senate Bill 331 now goes to Gov. Ted Kulongoski’s desk for his signature. He has five days after receiving the bill to sign it. Pamela Leavitt, svp of governmental affairs and public relations for Credit Union Affiliates of Oregon said the passage of SB 331 was “a long process with many hurdles, and we are pleased to have come this far.” She recognized the additional challenges facing CUAO including monitoring the CU taxation issue. The legislative session may not end until July.

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