Louisiana Senate Bill SR124

Louisiana 2024 Regular Session

• Introduced: 5/23/24
• Passed: 5/28/24

Caption

Designates June 5, 2024, as Ascension Credit Union Day.

Impact

The resolution highlights the significant milestones achieved by the Ascension Credit Union, including the opening of new branches, obtaining community development financial institution certification, and surpassing one hundred million dollars in assets. This recognition not only celebrates the credit union's success but also reinforces its role in supporting the financial well-being of residents in the region. By promoting financial education and engagement with the credit union, the resolution encourages community involvement and local economic development.

Summary

Senate Resolution 124 designates June 5, 2024, as Ascension Credit Union Day in recognition of the credit union's contributions to the local community and its mission of providing financial services to its members. This resolution commemorates the founding of the Ascension Credit Union, which began with a group of twenty-five individuals focused on supporting school employees. Over the years, the credit union has expanded its reach and services, becoming a vital financial institution within Ascension Parish.

Sentiment

The sentiment surrounding SR124 is predominantly positive, as it honors the essential role of the Ascension Credit Union in fostering community growth and financial literacy. Supporters of the resolution view it as a celebration of local achievement and a catalyst for continued financial empowerment among residents. The designation of a specific day to recognize the credit union aims to raise awareness and encourage more individuals to participate in its services.

Contention

While the bill itself is largely uncontroversial, it reflects a growing trend of recognizing local institutions that contribute to community welfare. The resolution aims to foster pride in local financial institutions and encourage individuals to explore their services. There may be discussions around the effectiveness of credit unions versus traditional banks, but such debates are unlikely to overshadow the positive reception of this specific resolution.