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News Now

CU System
N.J. municipal deposits bill adds a supporter
TRENTON, N.J. (5/26/10)--New Jersey State Sen. Christopher "Kip" Bateman (R-16) has added his name as a co-sponsor of a state municipal deposits bill, S-1807, giving it strong bi-partisan leadership support, said the New Jersey Credit Union League. The bill would mean counties, school boards, municipalities and other local government entities could use credit unions as depositories of public funds (The Daily Exchange May 25). Bateman is deputy Republican Conference leader and the third-ranking Republican in the state Senate. Other co-sponsors are Senate President Steve Sweeney (D-3), Republican Conference Leader Bob Singer (R-30) and Deputy Majority Leader Paul Sarlo (D-36). The measure is scheduled to be heard Thursday morning by the Senate Commerce Committee, the league said.


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