MADISON, Wis. – Wisconsin Gov. Scott Walker on Monday signed into law a bill that will allow credit unions to double their financial support for charitable and community organizations, the first time in 40 years the limit has been lifted.
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The measure increases credit unions’ charitable giving limit, set in 1971 at 0.5%, to 1% of regular reserves.
Wisconsin credit unions support close to 3,000 charities and programs with hundreds of thousands of dollars of monetary, in-kind and volunteer support annually.
