State legislators in Washington will be reviewing two bills that would give state-chartered credit unions the option to pay their board members, gain access to supplemental capital and expand investment options.
The Northwest Credit Union Association helped craft House Bill 1582, which will be discussed in a hearing scheduled Thursday in the state legislature's House Business & Financial Services Committee.
The NWCUA also is behind Senate Bill 5302, which is similar to the House bill. However, S.B. 5302 does not include the supplemental capital provision. The Senate bill also is scheduled for a hearing Thursday before the Senate's Housing and Insurance Committee.
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