HomeMy WebLinkAbout1990 Resolution No. 022RESOLUTION NO,~
SERIES OF 1990
A RESOLUTION OPPOSING HOUSE BILL 90-1245 PROHIBITING AID IN ANY
FOP.M TO CREDIT UNIONS BY PUBLIC ENTITIES.
WHEREAS, employee-managed credit unions offer employees an
opportunity to participate in a banking system; and
WHEREAS, without the employee credit unions, many employees
would not have access to credit; and
WHEREAS, the City of Englewood Credit Union is a part of
the City benefit plan; and
WHEREAS, H.B. 1245 provides for state intrusion into
benefit planning for the staff of the City .of Englewood; and
6 (~) (ii)
WHEREAS, the Credit Union provides the City with
administrative cost savings in performing payroll deductions for.,._
employees; and
WHEREAS, if the City were to provide the same services for
employees with several financial institutions that it currently
can by coordinating with the Credit Union, the costs to the City
would increase; and
WHEREAS, City employees participating in the City Credit
Union do so on their own time; and
WHEREAS, Council does not believe that the Englewood Credit
Union is a threat to the livelihood or future of commercial banks
in Colorado;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TIIE
CITY OF ENGLEWOOD, COLORADO, THAT:
The City of Englewood hereby opposes House Bill 90-1245
which prohibits aid in any form to credit unions by public
entities.
ADOPTED AND APPROVED this 20th day of February, 1990,
I, Patricia H. Crow, City Clerk for the City of Englewood,
Colorado, hereby certify the foregoing is a true copy of
Resolution No. ~ Series of 1990"/i1:, /J. -
~;.__,.7,/vU-41
Patr caH. Crow