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Kansas CUs swoop on Capitol to support CU bill
TOPEKA, Kan. (2/1/08)--More than 150 Kansas credit union staff and volunteers visited the Kansas State Capitol Wednesday to support a credit union bill that would clarify field-of-membership (FOM) language in the Kansas credit union law. They earned support from Senate Minority Leader Anthony Hensley (D-Kan.). “I will do everything in my power to maintain the status quo,” he said, referring to a rival bill introduced by the Kansas Bankers Association yesterday. Credit union members and 18,069 Kansas consumers also presented a petition asking their legislator to protect their credit union. The FOM statute has been in place since 1929. Banking associations in Kansas have stated that the statute has been interpreted too broadly. “Consumers should have the right to choose where they conduct their financial business,” said Marla Marsh, president/CEO of the Kansas Credit Union Association. “When consumers are facing an economic and credit crisis, would we want to restrict or constrict access to a consumer-friendly alternative?” During the visits, Kansas State University FCU, Manhattan, highlighted its national award-winning financial literacy program, Save@School, by inviting students and members of the credit union to talk with legislators. The South Central Chapter of Credit Unions, which includes Medical Community CU, Central Star CU and Catholic Family FCU, all in Wichita, highlighted their Financial Survival Camp for seventh and eighth graders.
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