Allow credit unions to serve local governments

Each year, credit union supporters and advocates take their plea for fairness to Tallahassee with a simple message: Allow municipalities and public offices to have a choice when it comes to their banking needs.

Current law does not allow credit unions to accept deposits from local government entities; it only allows for local governments to bank with commercial, for-profit banks. This means local governments, universities and school boards — many of whose employees are served by credit unions — cannot drive down the street to their local credit union and bank with them. Read More