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Removing Barriers Blog

Louisiana and South Carolina Approve Prize-Linked Savings
Posted June 06, 2016 by CUNA Advocacy

Two recently approved bills, Louisiana H 681 and South Carolina S 652, will permit credit unions to conduct promotions in which a minimum deposit in an amount predetermined by the institution qualifies for a chance to win prizes. 

PLS programs are expressly permitted in a total of 19 states and bills are pending in Delaware, Missouri and Pennsylvania.