Oregon Credit Union Public Funds Collateralization Program Launches

Oregon’s expanded Credit Union Public Funds Collateralization Program launched Monday, giving government entities more local options for deciding where to deposit their funds. Five cities have already agreed to deposit funds in credit unions in excess of the $250,000 insurance limit.

Oregon Credit Unions Submit Groundbreaking Paperwork to Accept and Safely Hold Public Funds

Five Oregon credit unions have submitted the required notice and paperwork with the Oregon State Treasury to allow them to accept and safely hold large public fund deposits. New collateral protection will allow credit unions to accept public deposits above the current $250,000 beginning April 1, 2013.