The DFI Issued Bulletin on Wash. State Credit Unions as Qualified Public Depositaries

The Washington regulator has issued a bulletin for credit unions interested in accepting public funds deposits. Credit unions that qualify may accept up to $250,000 per public depositor.

Depositaries Requested to Adhere to Levy Compliance Rules

The IRS is asking depositaries (banks, credit unions, savings and loans, and similar institutions) to review and understand the responsibilities associated with processing levies.