X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — While the Credit Union Membership Access Act–H.R. 1151–may have saved some credit unions in 1998, concessions had to be made, original co-sponsor to the bill Paul Kanjorski (D-Pa.) explained.

Now the long-time credit union supporter is working to reverse some of the deals that had to be made in a time of crisis for credit unions with the Credit Union Regulatory Improvements Act (H.R. 1537), better known as CURIA. One thing H.R. 1151 did was eliminate the minimum voting requirement for credit union conversions to mutual savings banks. “I’m an opponent to these credit unions that try and buy out and change form and pass their assets off to just this generation,” Kanjorski told Credit Union Times.

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?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.