State leagues, hoping to take advantage of the soured-bank climate, are making new legislative gains this week in moving along enabling bills allowing deposit of public funds in credit unions.

On Monday, as expected Gov. Ted Kulongoski signed into law a measure effective in two years removing the current $250,000 limit on public fund deposits a CU can receive. The bill had been shepherded through both chambers by the Credit Union Association of Oregon during a shortened February session.

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