BEAVERTON, Ore. — Credit unions in Oregon celebrated their numerous legislative successes when the state House and Senate adjourned.
The session, the shortest in more than 10 years, was a productive one, according to Credit Union Association of Oregon Senior Vice President of Governmental Affairs and Public Relations Pamela Leavitt. "The 2007 Legislative Session proved to be one of the busiest for credit unions," she said. "Besides moving our priority legislation through both the House and Senate, we were asked to serve on work groups for major bills on identity theft, predatory lending, and consumer lending. We participated in several meetings with the Governor on short-term lending bills."
Bills of interest to credit unions in the state included S.B. 592,which provides credit unions more flexibility in setting a branch application fee, permits the sale of money transfer instruments to nonmembers, and establishes a low-income designation. The new law will go into effect Jan. 1.
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