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SEG-based credit unions in Oregon have been given expanded power to switch to a community and still keep their SEGS under a new law signed by Gov. Ted Kulongoski.

The Credit Union Association of Oregon hailed the June 4 passage of the law revising the state’s CU code as one that deletes a clause forcing SEG-based CUs moving to a community charter to halt service to the former SEGs outside their new community charter.

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