Wednesday, June 22, 2016
Bill Would Allow All CUs to Serve Underserved Areas
Reps. Tim Ryan (D-OH) and Donald Norcross (D-NJ) on Tuesday introduced a bill, H.R. 5541 -- the Financial Services for the Underserved Act, that would allow credit unions of all charter types to add underserved areas to their fields of membership.
Rep. Ann Kirkpatrick (R-AZ) has signed on as a cosponsor of the bill.
Currently, only credit unions with multiple-group charters can add underserved areas to their fields of membership.
Rep. Ann Kirkpatrick (R-AZ) has signed on as a cosponsor of the bill.
Currently, only credit unions with multiple-group charters can add underserved areas to their fields of membership.
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