Despite vigorous banker opposition, the Credit Union Association of New York is moving ahead this month with its legislative campaign to win support for a compromise bill allowing the deposit of public funds in CUs with a $250,000 cap.

Earlier bills opening up government funds for CUs had set a $1 million maximum.

CUANY officials said they were hopeful that the latest public funds bill, which won endorsement of Democratic leaders in the statehouse and New York Mayor Michael Bloomberg, might stand a chance in Albany.

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