Washington State Capitol building in Olympia, Wash. (Source: AdobeStock) Washington State Capitol building in Olympia, Wash. (Source: AdobeStock)

State lawmakers in Washington and Idaho passed credit union modernization legislation that will increase access to emerging financial technology and expand credit union access to the under- and unbanked citizens.

According to a statement from the Northwest Credit Union Association, the Washington Legislature passed HB 1165. Included was a provision that “increases credit union and member access to emerging financial technology and services, by giving credit unions more flexibility to make equity investments in businesses developing or providing these services.”

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Michael Ogden

Editor-in-Chief for CU Times.

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