In the News: CU Journal Reports on Muni Deposits

News on a Chalkboard

We were included as source in a recent CU Journal article on credit union acceptance of municipal deposits. In many cases the language used in many state laws pertaining to municipal deposits was interpreted to mean that credit unions were excluded from accepting such deposits. A number of states are working to clarify via updates to banking laws that credit unions can indeed be the recipients of municipal deposits. The CU Journal article covers the current state of the legislative effort, and the strategies driving credit unions to seek such deposits. Read it here (subscription required):

Image by Gerd Altmann from Pixabay 

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: