Removing Barriers Blog

In Oregon, Director Compensation Allowed, Membership Share Requirements Removed
Posted June 16,2015 by CUNA Advocacy

Yesterday, a Northwest Credit Union-backed update to the Oregon credit union act was enacted.  The legislation, S 582, permits Oregon state chartered credit unions to compensate directors, removes the membership share requirement for state chartered credit unions, clarifies that foster children are eligible for membership and removes the requirement that the state regulator approve new credit union branches.