Washington State Credit Union Act Update Legislation Advances - January 29, 2019

Gretchan Blum

On Tuesday afternoon the House Consumer Protection and Business Committee held an executive session on House Bill 1247, our priority legislation updating the state credit union charter, and voted unanimously to advance the bill to the House Rules committee bringing it one step closer to a vote by the full House chamber.

Last week, Lynn Ciani of Numerica Credit Union, Joe Adamack — VP of WA Legislative Affairs for NWCUA — and Hal Scoggins our outside counsel testified on the bill during a public hearing that you can watch online here.

The Senate version of the bill, SB 5479, is up next with a public hearing scheduled for this Thursday, Jan. 31, in the Senate Financial Institutions, Economic Development and Trade Committee.