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PCUA Learns of Anti-CU Draft Bill Circulating State Capitol

Though no bill has been introduced yet, the Pennsylvania Credit Union Association has put its members on alert that State Representative Doug Reichley (R-Lehigh) is trolling for co-sponsors to an anti-credit union measure.

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HARRISBURG, Pa. — Though no bill has been introduced yet, the Pennsylvania Credit Union Association has put its members on alert that State Representative Doug Reichley (R-Lehigh) is trolling for co-sponsors to an anti-credit union measure.

Reichley introduced the same legislation last year, then called HR 2240, under pressure from bankers in his district. The bill would eliminate the community charter as an option for Pennsylvania’s state chartered credit unions.

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