State Level Credit Union Issues

Impact

When modernizing state credit union acts, leagues undergo an intricate process involving a great deal of input from member credit unions and discussions with credit union regulators. Legislative proposals include, among others, field of membership expansions, authority to hold public funds and director compensation. 

Where We Stand

Improving state credit union laws is at the top of the agendas of many state credit union leagues. Many of those leagues are seeking to decrease credit unions' regulatory burdens and empower credit unions with increased authorities and greater parity with federal credit unions and other state financial institutions.