Credit unions would be able to embrace technology and encourage members to show up for meetings and submit votes electronically, under a bill passed 130-0 Thursday by the House.
HF1477, sponsored by Rep. Kelly Fenton (R-Woodbury), would make technical changes to how credit unions can notify members. The bill heads to the Senate where Sen. Andrew Matthews (R-Milaca) is the sponsor.
The move will help save money for credit unions, Fenton said.
“Let’s save those trees,” Rep. Linda Slocum (DFL-Richfield) said.
Under current law, credit unions must mail or hand members meeting notifications, and their votes are limited to mail.