16929 Frances Street, Suite 203 Omaha, NE 68130
www.nebrcul.org | 402.333.9331 | 800.950.4455

The 108th Nebraska Legislature convened for its first session to last ninety legislative days. The first ten days are dedicated to legislative bill and resolution introduction. The League will monitor bill introduction and provide credit unions with a list of bills that the League is tracking throughout the session. The Legislature swore in new members, elected their leadership including electing Senator John Arch as Speaker and electing the chairpersons of the fourteen standing committees. Senator Julie Slama (LD 1) was elected Chairwoman of the Banking, Commerce, and Insurance Committee. Also sworn in during the first week were the newly elected constitutional officers including Governor Jim Pillen.  

The League organized a working group of state and federal credit union representatives this past fall to look for improvements to the State Credit Union Act. After several months of work, the group finalized their proposed changes including codifying geographical field of membership, allowing for the appointment of associate directors, eliminating public hearings on credit union amendments to their bylaws and articles of association, allowing for fintech investments, and allowing credit union board of directors to meet at least six times per year. 

Each legislative bill that is introduced receives a public hearing before one of the fourteen standing committees.