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House approves bill expanding state-chartered credit unions' powers amid bankers' objections
Summary
House passed House Bill 187 to modernize state-chartered credit unions — allowing membership expansion, fintech partnerships and additional lending — after floor debate about rural banking access and taxation differences; final passage was recorded 101-11.
The North Carolina House passed the committee substitute to House Bill 187 on third reading by a recorded vote of 101 to 11. The bill was presented as an update to enable state-chartered credit unions to better serve areas with limited banking access and to modernize statutory language for current financial practices.
Representative Howard, the sponsor on the floor, said the measure is “narrowly…
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