News & Information

Third CU-supported bill passed unanimously by legislature signed by Governor

by Christine Henzig, Director of Communications Apr 18, 2018

 Governor Walker signs into law the third credit union supported bill passed unanimously this legislative session

Governor Scott Walker signed into law League-supported legislation thanks to the advocacy of State GAC attendees and individual Activist and League testimony.Simplicity Credit Union President & CEO Pat Wesenberg (behind Walker) appeared at a hearing for the bill in addition to providing written Senate testimony.

What

The bill signed into law by Governor Walker - SB 686 / AB 822 - allows the Wisconsin Office of Credit Unions (OCU) to share state exam results with the Federal Home Loan Bank (FHLB) of Chicago, providing parity with federal and Illinois state chartered credit unions. The legislation also clarifies that FHLB has permission to obtain exam findings from the OCU for its member credit unions.

This is the third credit union-supported bill unanimously voted into law this legislative session. Last year, bills to enhance financial education in public schools and permit prize-linked savings programs became lawConvention attendees can learn more about Wisconsin credit unions' new, statewide prize-linked saving program.

How

Pat Wesenberg testified before a state Assembly committeeOur Movement asked for support of the bill during the State Government Affairs Conference (GAC), during an afternoon of meetings with lawmakers.

Pat Wesenberg (far right), President & CEO of Simplicity Credit Union also testified in support of the bill at the Assembly committee hearing and submitted written testimony for the Senate Committee hearing. She was joined by League VP of Government Affairs Sarah Wainscott (also pictured).

The bill was also advocated for by the FHLB, a trusted partner of more than 40 Wisconsin credit unions and a supporter of The League. FHLB's membership covers Wisconsin and Illinois.


The League and CUNA engage with credit union Activists in a 360-degree advocacy approach that helps credit unions positively shape their operating environment and remove barriers to serving members. Read more articles in our Unite for Good series.