Small Business Majority testifies in opposition of allowing credit unions to purchase state banks
Date:
Tuesday, February 25, 2025
On February 25, Small Business Majority Colorado Director Hunter Nelson submitted written testimony in opposition to SB 25-080, legislation that would allow credit unions to purchase state banks with approval from the State Banking Board. This bill could have unintended consequences on small business lending in rural Colorado communities, especially for the small agricultural businesses that are the backbone of farming communities.
