CUJ News Review: Ventura Signs CU Protection Act

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Minnesota Gov. Jesse Ventura has signed the Credit Union Protection Act into law. Strongly supported by the Minnesota CU Network, the law expands the ability of state-chartered credit unions to grow via conversions to community charters, an expedited process to add groups, and access to alternative capital. The MCUN said the state bankers association threw a dozen lobbyists at the bill seeking to kill it, but was unsuccessful.

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