Credit unions in Wisconsin may soon be able to double their financial support for charitable and community organizations.
The state assembly recently passed Senate Bill 356, which would increase credit unions' charitable giving limit, set in 1971 at one-half of one percent to 1% of regular reserves. A companion bill, AB 468, also garnered bipartisan support, according to the Wisconsin Credit Union League. The proposal is on its way to Gov. Scott Walker for his signature.
WCUL President/CEO Brett Thompson said he is grateful to the authors of the proposal, Sen. Glen Grothman (R-West Bend) and Rep. Dale Kooyenga (R-Brookfield) and its more than 30 co-sponsors.
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