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Committee approves introduction of bill to remove insured-deposit cap for state treasurer deposits in credit unions
2332546 · February 12, 2025
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Summary
An RS (RS32240C1) to amend the Idaho Credit Union Act was printed and referred to the Senate Commerce Committee; it would remove the longstanding limit that state treasurer deposits to credit unions be capped at the federally insured amount and require collateralization for uninsured deposits.
The Senate State Affairs Committee voted to print RS32240C1, a proposed revision to the Idaho Credit Union Act that would remove a long-standing cap limiting state treasurer deposits in credit unions to the federally insured amount and would require…
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