PEWAUKEE, Wis. (6/6/13)--After working through the evening, the Wisconsin State Legislature Joint Finance Committee (JFC) completed its budget process Wednesday morning without adding any measures that would hurt state credit unions, the Wisconsin Credit Union League reported Wednesday.
The Wisconsin Credit Union League previously lobbied to defeat Wisconsin Bankers Association (WBA) efforts to eliminate credit unions' independent state regulator as part of the state budget process.
This is a noteworthy development given that WBA was able to add last minute anti-credit union policy into two budget bills in 2009 and 2011, the Wisconsin league said. Credit union activists were able to secure a gubernatorial veto of the WBA provision in 2009.
Two new credit union examiner positions, which credit union activists lobbied for during the State Government Affairs Conference, are included in this year's final JFC budget.