Committee debates credit-union merger rules, joint-account clarifications in H.648
DFR proposed streamlining credit-union merger approvals so only the merging (disappearing) credit union must vote, clarified joint-deposit and co‑borrower rules for credit unions, and explained the executive-committee requirement when governing bodies meet infrequently; committee members raised concerns about member voting rights.
The full story
Department of Financial Regulation staff told the committee H.648 applies many bank-style governance rules to credit unions and clarifies several long-standing practices.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in