Credit Union Legislation Moves Along in State Capitols
Engagement in committees and attendance at Credit Union Day at the Capitol events pays off as NWCUA-backed legislation advances.
The Washington State Senate Friday passed House Bill 1247 – credit unions’ priority legislation this session. The measure now heads to Governor Jay Inslee for his signature.
“This bill was developed in collaboration with Northwest Credit Union Association member credit unions, and the state Governmental Affairs Committee,” said Joe Adamack, Vice President, Legislative Affairs for Washington. “It was sponsored and passed with bipartisan support.”
Representatives Kristine Reeves (D-Federal Way), and Larry Hoff (R-Vancouver) sponsored the legislation. Senators Mark Mullet (D-Issaquah), Lynda Wilson (R-Vancouver), and Annette Cleveland (D-Vancouver) also sponsored the companion version in the Senate.
The bill makes six common sense updates to the Washington Credit Union Act, paving the way to better service to 4.3 million consumers who are members of credit unions in the Evergreen state.
In Idaho, Governor Brad Little has already signed S.B. 1048, legislation making additional technical updates to Idaho’s Credit Union Act. The measure is a follow up to last year’s modernization completed during the 2018 session. The technical updates take effect July 1, 2019.
“Thank you to the members of the Idaho Governmental Affairs Committee and the NWCUA Board of Directors for their leadership on this legislation, but especially to everyone who came to the Idaho Credit Union Day at the Capitol, and to those who provided direct outreach to Idaho legislators,” said Ryan Fitzgerald, Vice President, Legislative Affairs for Idaho.
A strong showing at Oregon’s Credit Union Day at the Capitol and united support by advocates early in the session resulted in passage in the House of HB 2425, allowing electronic signatures on mortgage closing documents, and HB 2426, updating the Oregon Credit Union Act. Pam Leavitt, NWCUA Policy Advisor, Oregon State Advocacy and Grassroots, expects those bills to be considered by Senate Committees in mid-April.