BIRMINGHAM, Ala., and DULUTH, Ga. (3/28/16)--Credit union and league-supported bills to update state laws concerning credit unions have successfully made their way to governor’s desks in Alabama and Georgia.
The Alabama House unanimously passed SB 209, which now goes to Gov. Robert Bentley. The bill aims to improve the operating environment of state-chartered credit unions and increase efficiency for day-to-day activities, the League of Southeastern Credit Unions reported (eSignal March 24).
Some of the changes include:
The league thanked Sen. Bill Holtzclaw (R-Madison) and Rep. Ken Johnson (R-Moulton), who sponsored the House companion bill, and all of the members of the Alabama House and Senate for the quick passage of the legislation.
The Georgia Credit Union Affiliates was involved in more than 360 bills during the Georgia state legislative session that ended March 24. It acknowledged the important roles played by legislators who serve on credit union boards and those who have strong personal connections to credit unions (Creating Influence March 25).
Among the legislation that is headed to Gov. Nathan Deal’s desk for signature:
State credit union leagues nationwide have seen success this legislative session for state-chartered credit union act modernization, which the Credit Union National Association supports to provide the maximum flexibility for credit unions to serve their members.