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):

https://www.cujournal.com/news/liquidity-crunch-pushes-credit-unions-to-make-play-for-public-funds

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Image by Gerd Altmann from Pixabay 

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