Mar18

Help Build a Credit Union Chapter for the Tri-Cities Area! 

Join your peers as we explore the opportunity to create a Credit Union Chapter in the Tri-Cities area!
Mar25

Commercial Services Council; Session One

This session provides an opportunity to engage with a community of commercial lending, and business service leaders focused on treasury and cash management services, member business lending programs, and strategies for deepening relationships with small business and commercial clients.
Mar26

HR & Trainers Council; Session One

The Council’s open format serves to encourage and recharge staff dealing with similar challenges and developments within the Credit Union Movement. Human resources and training professionals gather to learn, teach, pass on tips, and provide resources, information, networking, and professional development opportunities to best prepare for what’s on the horizon.
Mar27

Marketers Council; Session One

The Council — open to marketing, communications, media relations, public relations, business development, and community outreach professionals — is interactive and belongs to the members. Beneficial presentations are offered, along with the opportunity for credit union professionals to share in roundtable discussions. Councils provide an outlet that furthers the success of credit unions.
Home » Advocacy On The Move »

Wyoming Governor Signs Public Deposits Bill

Posted by on March 3, 2025

Cheyenne, Wyoming

Wyoming Governor Mark Gordon last Thursday took the final step in making Senate Enrolled Act (SEA 28) 28 (Originally Senate File 143 – Public monies – deposits in credit unions) law with his signature on the Act.

The new law is effective July 1, 2025. The legislation will authorize credit unions to be designated as public depositories upon application and approval of the board of deposits.  The state loan and investment board, consisting of Wyoming’s top five elected officials, performs the duties of the board of deposits.

The statute will now allow the state treasurer and local governments and political subdivisions to deposit funds in Wyoming credit unions, including participating in the state treasurers “time deposit, open account” program.

The GoWest team will be coordinating virtual sessions for all Wyoming member credit unions with the GoWest team, State Treasurer’s office, local government representatives, and vendors to provide an overview of the requirements to serve as a public depositories prior to the July 1, 2025 effective date.

The signing of SEA 28 wraps up a successful legislative session for Wyoming’s credit unions with three major bills successfully passing and becoming law: public depositories, electronic lien and titling system, and irrevocable letters of credit.

Additional bills impacting credit unions have passed the session and will be covered in future posts.

Posted in Advocacy on the Move, Wyoming Advocacy.