800.995.9064 Phone | 877.928.6397 Fax
8205 SW Creekside Pl, Ste 220 Beaverton, Oregon 97008
18000 International Blvd Suite 350 SeaTac, WA 98188
June 27, 2013
Acting quickly to acknowledge overwhelming legislative support for a bill updating the Oregon Credit Union Act, Oregon Governor John Kitzhaber signed the legislation this week.
The Northwest Credit Union Association (NWCUA) backed bill was the result of recommendations by the Oregon State Model Act Subcommittee, chaired by Scott Burgess, president/CEO of Rivermark Community Credit Union.
Northwest credit unions collaborate to regularly upgrade their state credit union acts. They enjoy strong relationships with state legislators and are able to garner the necessary support.
“The sub-committee put a tremendous amount of work and analysis into the legislation signed by the Governor, and we’re very pleased with the outcome,” said Burgess. “As the Chairman of the sub-committee, I know I speak for the group in saying that we’re all particularly proud that, in Oregon, we routinely open up the Credit Union Act to seek out legislative changes that will help Credit Unions better serve their members in these challenging times.”
The updated Oregon Credit Union Act will:
The updates to the Act take effect January 1, 2014.
Quick passage and signing of SB 520 is a positive milestone for credit unions as state budget issues and legislation impacting other industries is still pending. The state Constitution mandates that the legislature complete its work by July 13.
Questions? Contact a member of the Association’s Legislative Affairs team:
Posted on 06/27/2013View All Articles
Copyright © 2013 NWCUA, all rights reserved.