The new head of the Wisconsin Bankers Association said Monday she knew of no credit union imminently ready to convert to a bank but passage of a budget bill containing enabling language supports "that option and strategic decision."
Rose Oswald-Poels, who became president/CEO of the WBA on June 1, called Gov. Scott Walker's signing of the budget measure a healthy step that gives the state's financial institutions a choice in structures.
It was harshly opposed by the Wisconsin Credit Union League. Over the weekend the league in a statement expressed deep disappointment that "complex financial institution chartering policy" wound up suddenly in a bill related to the state's finances.
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.
