MADISON, Wis. – Gov. Jim Doyle signed the state's recently passed financial modernization bill, which includes several credit union provisions, in to law. Among the provisions of the new law, it allows CUs to serve multiple regions and counties, makes it easier for them to open branch offices, and allows CUs to receive `low-income' designation from state and federal regulators, thus permitting them to serve members and non-members in areas when consumers can benefit from lower-cost services such as check cashing. The measure was passed by the state Senate on Sept. 30, and an amended version passed the Assembly on Oct. 1.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.