TOPEKA, Kan. — On March 30, Kansas Gov. Kathleen Sebelius signed an amendment that gives credit unions more flexibility with investing in their CUSOs.
|Sebelius signed H.B. 2114, an amendment to a law that allows CUs latitude to invest in CUSOs and permits them to operate as limited liability companies and partnerships and capital stock corporations.
|Credit unions would also be permitted to make loans to CUSOs, subject to rules and regulations of the state's credit union administrator.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com 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 Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
