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Liias bill would allow public deposits with credit unions in all 39 counties

Liias bill would allow public deposits with credit unions in all 39 counties

OLYMPIA – A bill sponsored by Senator Marko Liias (D-Lynnwood) that would enable more partnerships between local governments and community-based credit unions throughout Washington received a public hearing in the Senate Business, Financial Services & Trade Committee today. [TVW LINK] Under current law, community-based credit unions can partner with local governments in parts of the state, but not in the five largest counties (King, Pierce, Snohomish, Spokane, and Clark) in Washington. SB 5106 would eliminate the population restriction, thereby allowing credit unions in all 39 counties to partner with public entities to expand financial services and choices. “The pandemic has provided yet another reason to pass this legislation,” said Liias. “As we’ve seen, in the counties where this can be ...

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Latest News

Liias bill would allow public deposits with credit unions in all 39 counties

Liias bill would allow public deposits with credit unions in all 39 counties

OLYMPIA – A bill sponsored by Senator Marko Liias (D-Lynnwood) that would enable more partnerships between local governments and community-based credit unions throughout Washington received a public hearing in the Senate Business, Financial Services & Trade Committee today. [TVW LINK] Under current law, community-based credit unions can partner with local governments in parts of the state, but not in the five largest counties (King, Pierce, Snohomish, Spokane, and Clark) in Washington. SB 5106 would eliminate the population restriction, thereby allowing credit unions in all 39 counties to partner with public entities to expand financial services and choices. “The pandemic has provided yet another reason to pass this legislation,” said Liias. “As we’ve seen, in the counties where this can be ...

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About Marko

Senator Marko Liias represents the communities of the 21st Legislative District, which includes neighborhoods in Edmonds, Everett, Lynnwood, and Mukilteo.

A lifelong Washingtonian, Marko was born and raised in the communities he has represented in the Legislature since 2008. After graduating from local Mukilteo public schools, he was the first in his family to go to college and he worked his way through Georgetown University with the help of student loans and scholarships. He received a Master’s in Public Administration from the Daniel J. Evans School of Public Policy & Governance at the University of Washington.

After college, Marko helped lead a small family business specializing in green residential construction. It was his involvement in the local chamber of commerce that led Marko to consider public service. He was first elected to the Mukilteo City Council in 2005, where he partnered with residents and a community group to save over 100 acres of beautiful forestland in Japanese Gulch from development, preserving it as parkland instead.

Read Marko’s full biography here.