Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Wisconsin amendment has CRA reports from large CUs
MADISON, Wis. (3/5/08)--A banker-backed amendment singling out "large, nontraditional Wisconsin credit unions" as targets for requirements to document their efforts in serving lower-income populations has been introduced in the Wisconsin legislature. The Wisconsin Credit Union League was preparing a response at News Now's press time. The amendment exempts credit unions with $100 million or less in assets--roughly 85% of Wisconsin credit unions--from the community reinvestment requirements that were included in Assembly Bill (AB) 897, recently introduced by Rep. Mark Gottlieb (R-Port Washington). The remaining credit unions would be required to document their activities, the Wisconsin Bankers Association said in a press release. The rest of the press release was filled with the banker rhetoric against credit unions and their tax-exempt status as member-owned, democratically controlled cooperatives. For the full release and for more information on the original bill, use the resource links.
Other Resources

RSS





print
News Now LiveWire
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
1 hour ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
2 hours ago
.@PCISSC issues new pen test guidelines for businesses to identify network vulnerabilities @CUinfosecurity http://t.co/ENeGTPSMjf
4 hours ago
#Georgia credit union parity bill awaits signature from @NathanDeal http://t.co/zbS4IZsOp6
4 hours ago
IRS @IRSnews to offer April 8 webinar on UBIT #NewsNow http://t.co/hZIHF5RbH4
4 hours ago