WASHINGTON — A contingency of Texas lawmakers from among CURIA's 128 co-sponsors have distributed a "dear colleague" letter seeking support for a hearing and markup on the bill before the first session of the 110th Congress recesses.
The letter states that credit unions' ability to adopt underserved areas is "of particular interest" to Texas credit unions. "At least 22 Texas credit unions have been told that they can no longer add underserved areas and are only a lawsuit away from losing the low income areas they already serve.
"Another issue of importance to the Texas credit unions we represent is the ability to diversity investment options," it continued. CURIA would permit federal credit unions to invest in investment grade bonds and double the amount that can be invested in CUSOs.
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