SB375Introduced in the Senate
Revises provisions relating to credit unions. (BDR 55-605)
Introduced by Julie Pazina, District 12
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
AN ACT relating to credit unions; authorizing a credit union which is a low-income credit union to issue shares to nonmembers under certain circumstances; authorizing the Commissioner of Financial Institutions to temporarily suspend certain regulations under certain circumstances; requiring the Commissioner to approve or deny an application to open an additional office within 60 days after receipt of the application; revising requirements for the par value of shares of a credit union; revising provisions relating to certain operations of a credit union; revising requirements for the board of directors of a credit union; revising provisions relating to membership in a credit union; revising provisions relating to certain reserves, loans and investments of a credit union; and providing other matters properly relating thereto.
Where it stands
Approved by the Governor. Chapter 206.
May 31, 2025
How did lawmakers vote?
Assembly votes
1 recorded vote · each counted separately
Senate votes
1 recorded vote · each counted separately
AssemblyStage: Assembly Final Passage · May 22, 2025
42
Yes
0
No
0
Absent or Not Voting
42 assemblymembers recorded in this Assembly vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each assemblymember voted
| Assemblymember | District | Vote |
|---|---|---|
| Daniele Monroe-Moreno | 1 | Yes |
| Heidi Kasama | 2 | Yes |
| Selena Torres-Fossett | 3 | Yes |
| Lisa Cole | 4 | Yes |
| Brittney Miller | 5 | Yes |
| Jovan Jackson | 6 | Yes |
| Tanya Flanagan | 7 | Yes |
| Duy Nguyen | 8 | Yes |
| Steve Yeager | 9 | Yes |
| Venise Karris | 10 | Yes |
Bill history
Read first time. Referred to Committee on Commerce and Labor. To printer.
From printer. To committee.
From committee: Amend, and do pass as amended.
Placed on Second Reading File.
Read second time. Amended. (Amend. No. 316.)
Reprinting dispensed with.
Placed on General File.
Read third time. Passed, as amended. Title approved. (Yeas: 21, Nays: None.) To printer.
From printer. To engrossment. Engrossed. First reprint.
To Assembly.
In Assembly.
Read first time. Referred to Committee on Commerce and Labor. To committee.
From committee: Do pass.
Read second time.
Taken from General File. Placed on General File for next legislative day.
Read third time. Passed. Title approved. (Yeas: 42, Nays: None.) To Senate.
In Senate.
To enrollment.
Enrolled and delivered to Governor.
Approved by the Governor. Chapter 206.
Verify the information
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