Iowa's biggest credit union may have to change name because of GOP budget bill [View all]

Iowa's credit unions were spared a major tax increase this legislative session after fending off a heated campaign from Iowa bankers and some GOP lawmakers.

The Iowa Credit Union League celebrated the win in a press release, saying "the voice of the people was heard." And the trade group purchased a full-page ad in the Des Moines Sunday Register thanking legislators "for protecting financial choice."

But Iowa lawmakers did take aim at the state's largest credit union, the University of Iowa Community Credit Union, through a major budget bill.

End-of-the-session appropriations legislation included a provision banning Iowa credit unions from using the names of state universities in their titles.

Read more: https://www.desmoinesregister.com/story/money/business/2018/05/17/university-iowa-community-credit-union-may-forced-change-name/615062002/