The paranoia of Howeerd Headlee and the UBA is amazing. They make it sound as if the largest of Credit Unions are somehow not around anymore. Headlee and the UBA already gave them exactly what they needed in 2003 by forcing them to abandon the decimated state charter. And in the process, the remaining small state chartered credit unions suffer because of the onerous restrictions placed on them. Do they really think the minimal changes proposed would be reason for the larger CU's to switch back to a state charter? These three items would have done NOTHING for them but would make it at least somewhat liveable once again for the smallest of credit unions...the ones they claim they want to see prosper. Instead, Headlee and friends carve it down even more rather than do what they have always claimed - "We don't want to hurt the small credit unions". BS. Truth be known, they despise all credit unions and want to see them go away. Has nothing to do with taxes. They want to destroy any and all competition in any form. Quit yer whinin' and go back yo your record earnings.

Since when did the state legislature put the names of specific companies into a piece of legisation? I would like to know what other company names besides America First Credit Union, GoldenWest Credit Union and Mountain America Credit Union appear in the Utah Code. I find this further evidence that the bankers in Utah have way too much influence in our state legislature.

It appears that the legislature is still in the pocket of the banking industry. The senate prohibits 3 credit unions from the minor changes in the credit union law at the request of the bankers. Their efforts and wasted time were spent on creating a law that doesn't impact the 3 credit unions they specifically mention because all 3 are Federally chartered and not under state law. Maybe someday the legislature will exercise independence and do what's in the best interest of the citizens in Utah instead of narrow interests.