The new head of the Wisconsin Bankers Association said Monday she knew of no credit union imminently ready to convert to a bank but passage of a budget bill containing enabling language supports "that option and strategic decision."
Rose Oswald-Poels, who became president/CEO of the WBA on June 1, called Gov. Scott Walker's signing of the budget measure a healthy step that gives the state's financial institutions a choice in structures.
It was harshly opposed by the Wisconsin Credit Union League. Over the weekend the league in a statement expressed deep disappointment that "complex financial institution chartering policy" wound up suddenly in a bill related to the state's finances.
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