SB 737 (prize-linked savings promotions) and SB 875 (excludes ATMs from definition of a service center), our Credit Union Legislation, passed the House Monday on a 99-to-0 vote, and now these bills are ready for the Governor's signature.
A busy session awaits Virginia lawmakers when the 2015 General Assembly kicks off tomorrow. Credit unions will have two bills this session. One would allow credit unions and other financial institutions to offer prize-linked savings accounts and the other would exclude ATMs from the definition... More
Credit union representatives were fortunate enough to catch up with Congressman Randy Forbes to thank him for his support on two key pieces of legislation.
HR 4367, which Forbes voted in favor, eliminates a frustrating regulatory burden for credit unions, namely the mandate that ATMs carry a... More