Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

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.


RSS print
News Now LiveWire
Matz: We don't want to make it more difficult for you to do business but want you to do business safely 2of2 #listeningsession
6 minutes ago
Matz responds:GAO is pushing us; we are going forward; but whether we include concentration/IRR risk we are going to take another look.1of2
7 minutes ago
CU warns NCUA must look at concentration risk on individual basis:UR creating concentration risk;UR pushing us into old ways of doing biz.
9 minutes ago
To CU concerns Fazio assures: U will see more risk wt. analytics with the final RBC rule. #listeningsession
15 minutes ago
Fazio: The more robust the RBC system the less likely examiners will want to see more capital #listeningsession
18 minutes ago