Yes on Public Funds
It’s time to update this out-of-date state law and level the playing field!
Read the Denver Business Journal article on HB22-1277
We need YOUR help.
As expected, the banks are out in full force spreading FALSE arguments. We need your help to combat these actions. It’s imperative that legislators hear from credit union supporters.
1. Contact Legislators
We need you to take action now on HB22-1277. The banks are already contacting their legislators with arguments that are COMPLETELY FALSE.
Click HERE to contact your legislators.
You can check the status of how many letters our credit unions have sent to elected officials here – PUBLIC FUNDS 1277 – Infogram
We are working to pass legislation to allow the state of Colorado and local governments—such as counties, cities and towns, school districts and fire departments—to use credit unions for their financial and banking needs.
In addition, please use this toolkit as your resource to help us partner to get it passed. These documents contain our key messages to use in supporting the legislation:
Bankers are spreading lies. Here’s how you can combat them:
This bill is broadly supported in the state. Check out the growing list of cities and other entities that support.
Public entities have approached credit unions, and have not been able to utilize them for public deposits. Learn why they deserve the choice.
The Colorado law is outdated, and public entities should be able to decide for themselves where they invest their community’s money.
Find out why credit unions are consumers’, and communities’, best financial partner.
2. Contact the Business Affairs Committee Directly
The bill will be heard in the House Business Affairs Committee on March 24. The banks are individually targeting the committee members with a false narrative, so they need to hear from YOU to counteract what they’re hearing.
Please contact these legislators directly:
3. Share on Your Credit Union’s & Your Personal Social Media Channels
You may also download and use these graphics for social media outreach:
The Public-Facing web page for support information is
Feel Free to add a link to it in any posts.
4. Send Letters to the Editor
We ask that you and members of your team consider sending a letter to the editor of your local newspaper. These letters will show support for the legislation and help the public understand why this is beneficial to the counties, towns, schools and fire districts in your community.
Below is a list, with links, for newspapers in the state. The links take you to the page to submit a letter to the editor.
As you prepare your letter, you can review the background and talking points in the documents above. We would like your letter to include some of the following key points. Please don’t copy and paste, but instead put these points in your own words and in terms of your credit union, members and communities.
Credit unions are deeply rooted in Colorado communities and were founded by people with a common interest like teachers, farmers and ranchers, and service members and their families.
Because of strong local ties credit unions invest heavily in their members and their communities, and historically credit unions have been champions of communities that empower members to achieve the American dream.
Outdated provisions in state law prevent credit unions from offering the same benefits of membership and financial services to the public sector—such as towns, counties, school districts and other government entities.
Colorado’s credit unions believe there is no longer a sound reason to bar credit unions from holding the public sector’s tax revenue since we comply with the same rigorous financial standards and state regulations as banks.
Local government agencies should have the option of depositing funds with credit unions since deposit yields often are often higher than most banks. Allowing this option may provide more, and sometimes better, financial options to communities.
When writing please use these tips to for an impactful letter:
Focus your letter—Shorter is better and generally about 300 words are recommended.
Open with a strong statement and place the most important information at the beginning. Letters sometimes are edited to fit the space available.
Use a personal story or experience to help strengthen your letter.
Be sure to provide your name, telephone number, email address and mailing address so the paper can verify that you wrote the letter. Some editors may write or call to confirm your information. Only your name will be published.
Click here for email links for newspapers across Colorado.
Thank you again for your support. We look forward to a successful effort to pass this legislation.
Newspapers across the state
Boulder Daily Camera: firstname.lastname@example.org
Colorado Springs Gazette: email@example.com
Denver metro area weekly newspapers: firstname.lastname@example.org
Denver Post: email@example.com
Durango Herald: firstname.lastname@example.org
Fort Collins Coloradoan: email@example.com
Glenwood Springs Post Independent: firstname.lastname@example.org
Grand Junction Daily Sentinel: https://www.gjsentinel.com/site/forms/online_services/letter_editor/
Greeley Tribune: email@example.com
Longmont Times-Call: firstname.lastname@example.org
Loveland Reporter-Herald: https://prairiemountain.forms-db.com/view.php?id=96
Pueblo Chieftain: email@example.com
Steamboat Pilot: https://www.steamboatpilot.com/letters-to-the-editor/