TITLE

Wis. CUs Fight Plan That Would Make It Easier To Convert To Bank

AUTHOR(S)
Passman, Aaron
PUB. DATE
June 2011
SOURCE
Credit Union Journal;6/6/2011, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Wisconsin Credit Union League will fight the provision on the state's budget bill that allows a direct conversion of a credit union charter to a banking charter. According to League president and chief executive officer (CEO) Brett Thompson, the provision is not necessary and inadequate in terms of the member-owners of the credit union. Thompson also states that the direct-conversion provision lacks public hearing and notice to the credit union industry in Wisconsin.
ACCESSION #
61072766

 

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