Public Funds Bill Passes In Ore.

BEAVERTON, Ore.-The Oregon state Senate recently passed a credit union public funds bill that removes the current $250,000 limitation on the amount of public fund deposits a credit union can receive. The new law will be implemented in January 2013, according to the Credit Union Association of Oregon. The league and other supporters have emphasized the issue is extending the choice of public entities to seek a fair and competitive rate of return on "the people's money."

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