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Public Deposits bill filed in Florida

HB 251 has been filed by Rep. Bill Hager (R-Boca Raton) which would allow credit unions to become qualified public depositories in Florida. Rep. Hager, the vice chair of the House Insurance and Banking Subcommittee, has been an avid supporter of credit unions since his election to the Florida House.

Credit unions are encouraged to contact their House members and ask them to co-sponsor HB 251. The LSCU Governmental Affairs team will send out more information as the bill gets closer to a committee hearing and a vote.