JEFFERSON CITY, Mo. -- The House approved the field of membership compromise bill hammered out over the last six months between banks and credit unions.
The next stop for Senate Bill 591 is the governor's desk; Missouri Governor Matt Blunt (R) is expected to sign the bill into law. The House vote was 152-0 with 11 absences.
"We appreciate the support of credit unions through this process and for those who provided guidance during the negotiation process," Missouri Credit Union Association Rosie Holub commented. "We're relieved and pleased that there were no amendments to the bill, and feel this piece of legislation helps us to move forward."
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
