Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Oregon governor signs public funds bill
BEAVERTON, Ore. (3/31/10)--Oregon Gov. Ted Kulongoski Monday signed a bill that lifts the $250,000 cap on the amount of public fund deposits Oregon credit unions can receive from municipalities. The bill will be effective Jan. 1, 2013. The credit union movement of Oregon applauds Kulongoski for “acknowledging the value of extending an additional choice for public entities to seek a fair and competitive rate of return on the people’s money,” said the Credit Union Association of Oregon (CUAO). “This issue has been worked on since 1981, and is a testament to the movement’s resolve to advance the credit union charter, and to continue seeking new avenues to serve their local communities,” said Pamela Leavitt, CUAO senior vice president of governmental affairs and public relations. About 4,000 public agencies in Oregon receive public funds and use financial institutions to house the funds.


RSS print
News Now LiveWire
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
9 hours ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
12 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
14 hours ago
Erie, Pa., Americo FCU CEO praises staff for actions during robbery http://t.co/yyhaPnDtXh
15 hours ago
"Shreditorial" praises good deeds of @DannemoraFedCU http://t.co/06qKe0mhzR
15 hours ago