Allowing Public Money to Be Deposited in Credit Unions
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Bill Summary - 25LSO-0638 Bill No.: SF0143 Effective: 7/1/2025 LSO No.: 25LSO-0638 Enrolled Act No.: SEA No. 0028 Chapter No.: 58 Prime Sponsor: Nethercott Catch Title: Public monies-deposits in credit unions. Has Report: No Subject: Authorizing deposit of public monies in credit unions. Summary/Major Elements: Existing statutes authorize the deposit of public funds only in banks, including federal and state savings and loan associations. This act authorizes the deposit of public funds in credit unions and provides the requirements for and conditions under which a credit union may be designated as a depository for public funds. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Last checked Aug 5, 3:31 AM
R · S04
Why they voted this way
The lawmaker expresses confidence in the bill's constitutionality, noting it has been reviewed by multiple attorney generals over decades and that she would not introduce a bill she believed was unconstitutional.
R · S10
Why they voted this way
The lawmaker urges a vote against the bill, citing his opinion that it is unconstitutional and suggesting further review in an interim period rather than passing it immediately.
If a lawmaker is not listed, we couldn't find a published reason.
Wyoming roll calls
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Official activity
Changes
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The amendment adds requirements for depositing public money in credit unions, stating that state and local treasurers can only use a credit union if it is within 10 miles of their office and there are no qualifying banks nearby.