SALEM, Ore. (6/18/13)--A bill to update the Oregon Credit Union Act passed in the state House Wednesday. The Northwest Credit Union Association backed the bill.
The bill passed with 59 "yes" votes and one "excused" vote (Anthem Recap June 13).
Recommendations by NWCUA's Oregon State Model Act Subcommittee resulted in the legislation. The subcommittee is chaired by Scott Burgess, president/CEO of the $569 million asset Rivermark Community CU, Beaverton, Ore.
The bill will: