Idaho Lawmakers Consider Credit Union Legislation

February 27, 2020 ā€” An update to the Idaho Credit Union Act, HB 473, is progressing the in the State House. The legislation would permit the Director of Credit Unions to issue enforcement actions directly to a credit union, provide for confidentiality of examination reports and other confidential information, and authorize credit unions to act as a custodian or fiduciary for tax-advantaged savings plans.

Earlier this week, the legislation was reported out of the Business Committee and retained on General Orders to be heard by the entire House.