Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Mo. House passes resolution supporting highway CUs
ST. LOUIS (4/29/10)--The Missouri House of Representatives unanimously voted in support of Missouri’s highway credit unions this week, according to the Missouri Credit Union Association (MCUA). The credit unions were in danger of losing their offices with the state transportation office. The House voted 157-0 in favor of the House Concurrent Resolution, which states that 10 highway credit unions should remain in Missouri Department of Transportation (MoDOT) facilities despite the department’s intent to sever ties with the credit unions. The measure was sponsored by Rep. Mike Cunningham (R-145), and co-sponsored by 35 House members (The Missouri difference April 28). On Jan. 21, MoDOT told credit unions that they must vacate their premises by Sept. 30, and they would no longer be able to process payroll and benefits through MoDOT after that date. The date for credit unions to leave MoDOT facilities has been extended to December 2012. During debate Monday, House members spoke in favor of credit unions. “This issue came through my committee, and I urge the body to vote in support of it,” said State Rep. Sharon Pace (D-70). “These credit unions have been serving their members since the 1950s.” The unanimous passage sends a strong message to MoDOT and clearly demonstrates the support of lawmakers for credit unions on the issue, said Rosie Holub, MCUA president/CEO. The resolution now goes to the Senate. The House vote follows months of communication between MCUA and the legislature about the issue.


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
12 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
14 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
15 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
17 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
17 hours ago