New Mexico state flag. New Mexico state flag. (Source: Shutterstock)

Time is running out for a proposed bill that would establish a public bank in New Mexico, a measure endorsed by the state’s credit union trade group but strongly opposed by the state’s community bankers association.

Though HB 236 was narrowly approved by a 5-4 vote in the Commerce and Economic Development Committee in February, it was tabled on March 5 by the House Appropriations and Finance Committee. And as New Mexico’s legislative session is set to end at noon on March 20, there is little chance or time for any committee action on the Senate companion bill, SB 313.

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?

Peter Strozniak

Dig Deeper

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.