State Charter Review Committee Looks Forward to 2020

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In 2020, the California Credit Union League’s State Charter Review Committee looks forward to helping ensure that California state-chartered credit unions can operate and prosper in an enabling, safe-and-sound manner.

The League believes a strong California state credit union charter is important and helps strengthen the dual-charter system. The committee is charged with assessing the Financial Code and the Code of Regulations as they affect the powers and constraints of California state-chartered credit unions. It recommends changes and additions to improve and modernize the charter, and it works with League staff to effectuate change.

That’s why the League — on behalf of the committee — recently asked all state-charted credit unions to participate in an important survey (the survey deadline was Jan. 8). The survey call-to-action was sent in late December and again in early January.

The committee had identified several issues to consider, and the survey sought comments and feedback to help establish priorities for a few of these issues. The committee and League also asked for input on any additional issues.

If you have any questions about the committee or the survey that was sent out, please contact Sharon Turley, vice president of regulatory advocacy for the League, at 909-212-6063 or SharonT@ccul.org.

“We want to thank credit union leaders who participated in the survey,” Turley said. “The feedback and results will be used in the League’s 2020 goal of enhancing the state charter through a modernization bill. We look forward to keeping state-chartered credit unions updated in the process.”

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