A legislative committee is expected to review a proposed bill that would permit Oregon-based credit unions to exercise powers available to out-of-state credit unions that are doing business in the state.
Senate Bill 520 was referred to Oregon's House Committee on Business and Labor April 23 after it had been unanimously passed by the state Senate April 15. The House Committee has not yet scheduled a hearing for the proposed bill.
Harold B. Scoggins III, a Portland, Ore., attorney representing the Northwest Credit Union Association, said it is increasingly common for state-chartered credit unions from other states to serve Oregonians. Some of these credit unions are also operating branches.
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