Credit Unions Bid for More Business

April 14, 2010  |  

(WRGB) — Local lawmakers from across the state have teamed up with New York’s credit unions to push the legislature to pass municipal deposit choice. The measure would allow local government entities including cities, towns, counties, school districts, fire districts and libraries to deposit taxpayer dollars into credit unions. Under the current law, those entities can only deposit the funds into commercial banks.

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