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Alabama legislative update available

The Alabama legislature may have hit a snag this week. The legislature is looking at a bingo gambling bill that is causing many to choose sides. More importantly it's causing a delay in other actions. In committee is the Uniform Residential Mortgage Satisfaction Act that would impact credit unions. The LSCU has met with many of those with stakes in the bill including the sponsor to work on points that would improve the bill. All parties involved are confident that an agreement that protects consumers and other third parties while not exposing lenders such as credit unions to additional jeopardy. You can read more about this update, as well as Alabama Credit Union Administration nominations that are still open, by clicking here and going to the Legislative Update tab on the left. This page is password protected, so if you don't have a password you can request one.