HARRISBURG, Pa. (7/31/13)--
In 1965, Pennsylvania Gov. Bill Scranton Jr. (center, seated) signed House Bill 1156 amending the state's Uniform Gifts to Minors Act to include credit unions as one of the financial institutions permitted to hold such accounts. Present were Mike Judge (standing, second from left), acting managing director of the Pennsylvania Credit Union League, and John Edinger, (standing, far right) league director of education, and co-sponsors of the measure. (Photo provided by the Pennsylvania Credit Union Association)
Former Pennsylvania Gov. Bill Scranton Jr., who died Sunday in California of a brain hemorrhage, signed key credit union legislation during his career, according to the Pennsylvania Credit Union Association.
Scranton was Pennsylvania's 38th governor, serving from 1963 to 1967. At the time, one term was the maximum a governor could serve. During his term, he signed proclamations declaring Credit Union Day in the state, and invited officials of what was then the Pennsylvania Credit Union League to witness the signing, said PCUA (Life is a Highway July 30).
In November 1965, he signed House Bill 1156, which amended the Pennsylvania Uniform Gifts to Minors Act to include credit unions as one of the financial institutions permitted to hold such accounts.
Scranton, who was 96 when he died, served four U.S. presidents on seven commissions, was a U.S. Ambassador to the United Nations, and ran an unsuccessful campaign for president. He was elected to the 87th Congress in 1960 and served on the Banking and Currency Committee.