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Financial Services Law Insights and Observations

Wisconsin Department of Financial Institutions clarifies that credit unions are exempt from state prohibition on mass gatherings

State Issues Wisconsin Credit Union Covid-19

State Issues

On March 18, the Wisconsin Department of Financial Institution issued a notice to credit unions to clarify that all financial institutions are exempt from the state’s emergency order prohibiting mass gatherings of 10 people or more. However, credit unions were urged to follow the new mass gathering guidance from the Wisconsin Department of Health Services when determining whether annual member meetings should be rescheduled.