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News Now

CU System
Kansas governor signs membership act
TOPEKA, Kan. (4/10/09)--Kansas Gov. Kathleen Sebelius Wednesday signed into law S.B. 72, which clarifies state credit union membership eligibility components. The bill clarifies that eligibility components--such as family members and volunteers--are protected. These components were only referenced in the grandfathered portion of the statute, and until the act was enacted, it wasn’t clear whether they were allowed. The Kansas Credit Union Association (KCUA) sought the changes to eliminate confusion about Kansas credit unions’ ability to continue serving groups that credit unions have served in the past and to protect their interests. The clarification is important for credit unions’ planning efforts and regulatory purposes, according to Haley DaVee, KCUA director of state legislative and public affairs. “KCUA wanted to make sure there are no misinterpretations of the law and how it should be applied,” she said.


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