(at the request of Credit Union Association of Oregon)
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Regular Sponsors:
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Bill Title:
Relating to credit unions; declaring an emergency.
Catchline/Summary:
Authorizes credit union or federal credit union that meets certain criteria to serve as custodian bank, depository bank or pool manager for public funds. Authorizes credit union or federal credit union that meets certain criteria to serve as custodian bank, depository bank or pool manager for public funds.
Changes amount of public funds that public officials may deposit with credit union or federal credit union to equal amount insured by National Credit Union Share Insurance Fund, by private deposit insurance or by deposit guaranty bond issued by insurance company meeting certain criteria.
Authorizes various state agencies, boards and commissions to deposit public or other funds with credit unions or entities insured by National Credit Union Share Insurance Fund.
Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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SB 1023 Senate Committee On Business, Transportation and Workforce Development
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