New York Bill Would Allow SecondaryCapital

April 21, 2006, 1:00 a.m. EDT 1 Min Read

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ALBANY, N.Y. - (04/21/06) -- State chartered credit unions in NewYork would be able to offer secondary capital by acceptingnon-member deposits under a bill introduced Thursday in the stateAssembly. The bill would also increase the limits on memberbusiness loans for state charters. The bill only aply to the 30state chartered credit unions in New York.

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