Washington State credit unions have scored a legislative victory in 2010 by winning the right to accept public funds starting in July of next year.
In March 12 ceremonies, Gov. Chris Gregoire signed an industry-sponsored bill opening up municipal fund deposits of state and local agencies to 70 Washington CUs, thereby adding them to the existing 105 public depositories.
In hailing the bill's passage, the Washington Credit Union League called the event an indirect outgrowth of the Huffington Post "Move Your Money" campaign since it "now brings more community-based banking choices."
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