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
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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Credit unions delivered $201 million to Wisconsin consumers in 2011, and more, report says