The Process

The NWCUA Board of Directors approved the legislative agenda recommended by the Oregon Governmental Affairs Committee outlining proposed changes to the Oregon Credit Union Act. The Oregon Model Credit Union Act Subcommittee was formed this year, and charged with providing recommendations for state legislative changes to the Oregon Credit Union Act designed to advance the charter and operating environment for credit unions in the State of Oregon.

The subcommittee was charged with comparing each section of the Oregon Credit Union Act against CUNA’s Model Credit Union Act for discussion.

Throughout the summer months of 2012, the Oregon Model Credit Union Act Subcommittee met on five occasions. The subcommittee was chaired by Rivermark Community Credit Union President/CEO Scott Burgess. The subcommittee narrowed down the list and obtained opinions from our regulators at the Division of Finance and Corporate Securities.

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