SALEM, Ore. (6/9/15)--A bill to update the Oregon credit union charter passed unanimously out of the Oregon House of Representatives Thursday, the Northwest Credit Union Association (NWCUA) reported.
The measure now moves on to Gov. Kate Brown to be signed into law.
“The passage of this bill marks a very successful legislative season for Oregon credit unions,” said Jennifer Wagner, NWCUA senior vice president of advocacy (Anthem June 8). “Their commitment to building relationships in Salem and communicating the value they bring to their communities paved the way for this year’s legislative successes.”
The bill, SB 582, makes the following changes to the Oregon Credit Union Act:
The bill joins HB 2893, the bill to bring prize-linked savings to Oregon financial institutions, as marquee successes for the legislative advocacy of Oregon credit unions.
“Oregon legislators know the value of credit and they support credit unions’ mission as not-for-profit, member-driven cooperatives,” said Pam Leavitt, NWCUA Oregon policy adviser. “We are grateful that they unanimously stood behind this bill to advance the credit union charter.”
Northwest credit unions also enjoyed success in Washington, with that state’s charter enhancement signed by Washington Gov. Jay Inslee on April 25.