SB 21-22: Credit Unions Are Good Act (Final Vote) (user search)
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  SB 21-22: Credit Unions Are Good Act (Final Vote) (search mode)
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Author Topic: SB 21-22: Credit Unions Are Good Act (Final Vote)  (Read 1112 times)
ON Progressive
OntarioProgressive
Junior Chimp
*****
Posts: 6,106
Canada


Political Matrix
E: -6.06, S: -8.70
« on: December 03, 2019, 09:58:37 PM »
I will sponsor.
Logged
ON Progressive
OntarioProgressive
Junior Chimp
*****
Posts: 6,106
Canada


Political Matrix
E: -6.06, S: -8.70
« Reply #1 on: December 14, 2019, 09:52:15 PM »
This bill allows credit unions to invest up to 20% of their pool in mortgages and 10% of their pool in themselves, which will make it easier for credit unions to grow themselves.

Quote from: Southern Senator North Carolina Yankee on December 10, 2019, 04:36:24 PM
Quote from: Southern Senator North Carolina Yankee on December 09, 2019, 01:10:16 PM
While I would prefer to wait for the sponsor, the one question I would like to get out there is does allowing the purchase of these assets undermine the security of credit unions?

I don't expect allowing the purchase of these assets to undermine the security of credit unions.
Logged
ON Progressive
OntarioProgressive
Junior Chimp
*****
Posts: 6,106
Canada


Political Matrix
E: -6.06, S: -8.70
« Reply #2 on: December 16, 2019, 09:52:07 PM »
Quote from: Southern Senator North Carolina Yankee on December 16, 2019, 02:38:03 AM
Does this include allowing them to buy Mortgage backed securities? Either intentionally or unintentionally?

This bill doesn't appear to say anything about that. My guess would be yes though.
Logged
ON Progressive
OntarioProgressive
Junior Chimp
*****
Posts: 6,106
Canada


Political Matrix
E: -6.06, S: -8.70
« Reply #3 on: December 29, 2019, 01:29:55 PM »
Aye
Logged
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