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News Now

CU System
TECH CU approved to serve as public funds depository
CROWN POINT, Ind. (9/18/09)--TECH CU in Crown Point, Ind., has been approved to receive public funds for deposit. Indiana’s State Board of Finance this week approved the $266.5 million-asset credit union’s application to serve as a depository of public funds, which means the credit union can accept deposits from state or local governments in Indiana. Deposits will earn interest (nwitimes.com Sept. 17). The Public Deposit Insurance Fund protects all government funds in state depositories.


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