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.
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? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
