Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Mo. House passes resolution supporting highway CUs
ST. LOUIS (4/29/10)--The Missouri House of Representatives unanimously voted in support of Missouri’s highway credit unions this week, according to the Missouri Credit Union Association (MCUA). The credit unions were in danger of losing their offices with the state transportation office. The House voted 157-0 in favor of the House Concurrent Resolution, which states that 10 highway credit unions should remain in Missouri Department of Transportation (MoDOT) facilities despite the department’s intent to sever ties with the credit unions. The measure was sponsored by Rep. Mike Cunningham (R-145), and co-sponsored by 35 House members (The Missouri difference April 28). On Jan. 21, MoDOT told credit unions that they must vacate their premises by Sept. 30, and they would no longer be able to process payroll and benefits through MoDOT after that date. The date for credit unions to leave MoDOT facilities has been extended to December 2012. During debate Monday, House members spoke in favor of credit unions. “This issue came through my committee, and I urge the body to vote in support of it,” said State Rep. Sharon Pace (D-70). “These credit unions have been serving their members since the 1950s.” The unanimous passage sends a strong message to MoDOT and clearly demonstrates the support of lawmakers for credit unions on the issue, said Rosie Holub, MCUA president/CEO. The resolution now goes to the Senate. The House vote follows months of communication between MCUA and the legislature about the issue.


RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
8 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
9 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
11 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
11 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
11 hours ago