Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
MoDOT CU bill not on hearing schedule
ST. LOUIS (5/10/10)--A bill that would allow 10 highway department credit unions to remain in Missouri Department of Transportation (MoDOT) facilities has not been placed on the state Senate’s hearing schedule, according to the Missouri Credit Union Association. “It wasn’t placed on the hearing schedule, so HCR 70 won’t make it out of committee,” Amy McLard, vice president of public and legislative affairs, told News Now. “There is always the possibility it could be placed onto another bill in the last days of session, but not likely.” The credit unions were told Jan. 21 that they would be required to leave their locations by Sept. 30 and would no longer be able to process payroll and benefits through MoDOT after that date. Credit union employees were on MoDOT’s salary and benefits plan, but credit unions reimbursed the department for the costs. The department has since extended the date credit unions must leave to Dec. 31, 2012. The bill was assigned to a committee, but MCUA was told other bills of more importance took precedence (The Missouri difference May 7). It is sponsored by Rep. Mike Cunningham (R-District 145). Cunningham has no credit unions in his district. “He supported us and got the bill filed because he felt it was the right thing to do,” the association said.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
8 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
9 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
11 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
13 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
13 hours ago