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CU System
N.J. CUs launch Phase 2 on muni deposits campaign
HIGHTSTOWN, N.J. (7/21/11)--The New Jersey Credit Union League (NJCUL) has launched the second phase of a postcard campaign to convince Gov. Chris Christie (R) to sign a bill that would allow the deposit of public funds at credit unions. The bill, drafted by the league, awaits Christie’s signature--after passing both houses of the legislature (The Daily Exchange July 19) The Department of Banking & Insurance has voiced public concern about the bill, joining ongoing opposition from the state’s banking lobby, said the league. The league has set a goal of sending 5,000 postcards to the governor’s office. It has asked the state’s credit unions to encourage employees, volunteers, and members to complete postcards with their names and addresses. The pre-addressed postcards ask Christie to “Let Credit Unions Help Lower Property Taxes.” NJCUL has led multi-faceted grassroots campaign in support of the legislation that has included municipal deposit reform-themed radio spots, two credit union days at the State House, credit union exhibits at various government-related conventions, and 5,000 postcards to legislators.


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