Florida blog touts credit unions in legislative victories

The political blog, Florida Politics, recently posted a story on its takeaways from the 2016 Florida Legislative Session. It’s basically a look at the winners and losers from the session. Credit unions were given a big shout out as a winner for the passage of HB 1233, the Federal Home Loan Banks bill. This is […]

The political blog, Florida Politics, recently posted a story on its takeaways from the 2016 Florida Legislative Session. It’s basically a look at the winners and losers from the session. Credit unions were given a big shout out as a winner for the passage of HB 1233, the Federal Home Loan Banks bill. This is certainly nice recognition for credit unions and their members.

The blog wrote, “Credit unions – HB 1233 was a big win for credit unions, giving chartered credit unions in the state access to the Federal Home Loan Bank of Atlanta’s secondary market mortgage program. They have been barred from entering this program, putting them at a disadvantage to federally chartered CUs and banks.”

To be listed as a winner is another testament to the good year that credit unions and the League’s advocacy team had in 2016. Read a full list of the winners and losers on the blog.

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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