The Wisconsin Credit Union League praised a regulatory reform package signed into law by Republican Gov. Scott Walker on April 16.
According to the league, the State Assembly Financial Institutions Committee's "Right the Rules" review process began the dialogue for Senate Bill 520, which amends a variety of credit union regulations, including permitted investments and incidental powers.
"Under the Office of Credit Unions' current rules, credit unions may make investments in securities issued by hospitals, churches, dioceses and similar institutions (institutional investments), subject to various restrictions," the bill said.
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