WA Credit Union Priority Signed into Law

House Bill 1247, the Washington Credit Union Movement’s priority legislation of the 2019 session, was signed this week by Governor Jay Inslee and will take effect July 28.

HB 1247 makes six common sense updates to the Credit Union Act, allowing credit unions to better serve their 4.3 million members, increase member engagement and participation, and add clarity for state regulators in their work to provide strong oversight.

The Northwest Credit Union Association’s State Issues Work Group and Governmental Affairs Committee collaborated with the NWCUA advocacy team to propose the legislation, which was sponsored in the House by Reps. Kristine Reeves (D-Federal Way) and Larry Hoff (R-Vancouver), with Sens. Mark Mullet (D-Issaquah), Lynda Wilson (R-Vancouver), and Annette Cleveland (D-Vancouver) sponsoring a companion version in the Senate.

In a session with nearly three thousand bills introduced, HB 1247 was one of the first 27 bills to pass the Legislature this session.

An online form is available for credit union advocates to identify their elected officials and send an email thanking supporters.

Posted in Advocacy on the Move.