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Wisconsin CU League News Release - 1/24/12


Credit union bill to increase community/charitable donations passes state Senate unanimously


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Christine Henzig
Director of Communications
(262) 549-0200, Ext. 6019


Pewaukee, WI - The Wisconsin state Senate – in a unanimous vote – passed a bill that will allow credit unions, member-owned financial institutions – to increase their levels of support for charitable and community organizations.


Senate Bill 356 and its companion bill, AB 468, both garnered strong bipartisan support and are cosponsored by 33 lawmakers.


More than 200 credit union Activists were visiting lawmakers at the State Capitol as the vote occurred. They were there to seek support for the legislation and share their 2011 REAL Solutions Scorecard, which details their compelling stories of community service.


“Wisconsin's member-owned financial institutions are vested in and committed to making significant contributions to the communities they serve,” said League President & CEO Brett Thompson.  “Increasing the amount they can give to charitable and community causes will ensure they can continue to do so long into the future.”


Thompson continued, “We commend and thank our bill authors Senator Grothman and Representative Kooyenga and all the State Senators who voted in support of our measure today and helped pave the way for the adoption of a policy that will allow credit unions to continue to be highly active in their communities in a thoughtful and measured way - at no cost to taxpayers.”


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