The Wisconsin Credit Union League praised a regulatory reform package signed into law by Republican Gov. Scott Walker on April 16.
According to the league, the State Assembly Financial Institutions Committee's "Right the Rules" review process began the dialogue for Senate Bill 520, which amends a variety of credit union regulations, including permitted investments and incidental powers.
"Under the Office of Credit Unions' current rules, credit unions may make investments in securities issued by hospitals, churches, dioceses and similar institutions (institutional investments), subject to various restrictions," the bill said.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 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.
