Wednesday, November 17, 2010 10:57:36 AM
ATLANTIC CITY, NJ - The New Jersey Credit Union League is among the exhibitors this week at the New Jersey League of Municipalities Convention & Annual Meeting in Atlantic City. The convention is attended by more than 20,000 local, county, and state officials and provides an excellent opportunity to bring credit union messages to state and local lawmakers and policy leaders from around the state.
Front and center among those messages is the need to amend the state's thirty-nine year-old Government Unit Depository to Protection Act (GUDPA), which gives banks a virtual monopoly on, and precludes local government entities from utilizing credit unions as, depositories. The NJ League of Municipalities has adopted as one of its legislative priorities support for the pending bill to bring GUDPA into the 21st century.
Beyond the League's legislative agenda, the conference is invaluable from a business development standpoint. Visitors to the League booth receive "Find a Credit Union" cards, which direct them to the findacreditunion.com Web site. Several employers have already requested information on how to offer their employees the opportunity to join a credit union.
The convention runs through Thursday.