Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Regulation topic
No spam. Unsubscribe anytime.
Committee passes update to credit union statute to align with bank law
Summary
The committee voted 8-0 to update the state credit union statute to conform with earlier changes to the bank statute; sponsor described the change as a clean-up to address parity issues.
The House Committee on Banking, Financial Services and Pensions approved changes to the state credit union statute intended to align it with prior updates to the bank statute.
The sponsor said the update "will bring the credit union statute in line with the bank statute, which was cleaned up several years ago, to address the same issue." There was minimal debate and the committee recorded an 8-0 vote to pass the measure in committee.
No fiscal impacts or implementation details were discussed on the record during the committee hearing. The bill will proceed for further consideration as part of the legislative process.
