Public monies-deposits in credit unions.

SF 143 allows Wyoming state funds to be deposited in credit unions that meet specific requirements, directly affecting the state treasurer, government entities managing public money, and qualifying credit unions. The bill amends state law to require credit unions seeking to hold state funds to apply through the board of deposits, provide financial statements, and maintain security like bonds or mortgages. Credit unions must submit annual financial updates and notify the state if facing regulatory action. This change expands where public funds can be held beyond traditional banks, while maintaining oversight through the state’s board of deposits.