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Restructuring Means New Name for Department Housing Division of Credit Union

 
  Ken Bonnot, Director, Missouri Division of Credit Unions

The name of the department housing Missouri’s Division of Credit Unions is undergoing a name change, but this should not affect the day-to-day operations of Missouri credit unions. 

Missouri Governor Mike Parson detailed his priorities for 2019 on January 17, which included the restructuring of four state agencies. With Executive Order 19-02, the Office of Public Counsel and the Public Service Commission moves to the Department of Insurance, Financial Institutions, and Professional Registration.  This is the department where the Division of Credit Unions is located.  

The Department of Insurance, Financial Institutions, and Professional Registration will now be known as the Department of Commerce and Insurance. HCUA discussed the changes with Ken Bonnot, Director of the Missouri Division of Credit Unions. There should not be much, if any, impact on the credit union industry or the Division of Credit Unions due to this name change. We will keep you posted of any changes that could affect Missouri credit unions.

 

 

 

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