Public monies-deposits in credit unions.
SF 99 allows Wyoming state agencies and local governments to deposit public funds into credit unions that meet state approval requirements, expanding options beyond traditional banks. The bill amends state law to explicitly include credit unions as "approved depositories" under the same rules as banks, requiring all deposits to be fully insured by the National Credit Union Share Insurance Fund (NCUA) or FDIC. It maintains existing requirements for security, withdrawal terms (including 30-day notice for some accounts), and approval by the state board of deposits. This change directly affects state treasurers, county governments, and other political subdivisions managing public funds, giving them access to credit unions as a deposit option. The law took effect July 1, 2022.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2022
Committee Review
Feb 2022
Senate Passage
Feb 2022
House Passage
Governor
Introduced Feb 17, 2022
Last action Feb 24, 2022
Floor votes · Senate Feb 17, 2022
How they voted
28–2
Passed
Total votes 30
Feb 17, 2022
D
Democratic2
100% Yea
R
Republican28
92% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
9
Key actions
3
Committee
1
Feb 23, 2022
Upper · Passed
S COW:Passed
upper
Feb 21, 2022
Upper · Passed
S01 - Judiciary:Recommend Do Pass 4-0-1-0-0
upper
Feb 17, 2022
Senate · Passed
Senate Vote: pass (28-2)
senate
Feb 17, 2022
Introduced
S Introduced and Referred to S01 - Judiciary 28-2-0-0-0
upper
1 primary · 10 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tara Nethercott
RRepublican
Co
Albert Sommers
RRepublican
Co
Andi LeBeau
DDemocratic
Co
Bo Biteman
RRepublican
Co
Ed Cooper
RRepublican
Co
Ember Oakley
RRepublican
Co
John Winter
RRepublican
Co
Lloyd Larsen
RRepublican
Co
Mike Greear
RRepublican
Co
Pepper Ottman
RRepublican
Co
Tim Salazar
RRepublican
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