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1999 SESSION
SB 1019 Credit unions; membership.
Introduced by: Charles J. Colgan | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Credit unions; membership. Revises provisions of the Virginia Credit Union Act relating to fields of membership and eligibility for membership in state credit unions, so as to attain substantial parity with the Federal Credit Union Act (as amended by HR 1151, in August, 1998). The changes permit multiple common-bond fields of membership, within limits; restrict community-based fields of membership to “well-defined, local communities, neighborhoods or rural districts”; and make persons within the “immediate family” or “household” of individuals who are eligible for credit union membership also eligible. The bill also directs the State Corporation Commission (Bureau of Financial Institutions) to consider federal agency rules and policies on these subjects, but allows the State Corporation Commission discretion in applying such rules and policies.
FULL TEXT
- 01/19/99 Senate: Presented & ordered printed 993321845 pdf
- 01/27/99 Senate: Printed as engrossed 993321845-E pdf
- 02/15/99 Senate: Bill text as passed Senate and House (SB1019ER) pdf
- 03/11/99 Governor: Acts of Assembly Chapter text (CHAP0063) pdf
AMENDMENTS
HISTORY
- 01/19/99 Senate: Presented & ordered printed 993321845
- 01/19/99 Senate: Referred to Committee on Commerce and Labor
- 01/25/99 Senate: Reported from C. & L. with amendments (13-Y 0-N 2-A)
- 01/26/99 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/26/99 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 01/27/99 Senate: Read second time
- 01/27/99 Senate: Reading of amendments waived
- 01/27/99 Senate: Committee amendments agreed to
- 01/27/99 Senate: Engrossed by Senate as amended
- 01/27/99 Senate: Printed as engrossed 993321845-E
- 01/28/99 Senate: Read third time and passed Senate (36-Y 0-N 3-A)
- 01/28/99 Senate: VOTE: PASSAGE (36-Y 0-N 3-A)
- 01/28/99 Senate: Communicated to House
- 01/29/99 House: Placed on Calendar
- 02/01/99 House: Read first time
- 02/01/99 House: Referred to Committee on Corporations, Insurance and Banking
- 02/11/99 House: Reported from Corp., Ins. & Banking (26-Y 0-N)
- 02/12/99 House: Read second time
- 02/15/99 House: Read third time
- 02/15/99 House: Passed House (Block Vote) (100-Y 0-N)
- 02/15/99 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/15/99 Senate: Bill text as passed Senate and House (SB1019ER)
- 02/17/99 Senate: Enrolled
- 02/18/99 House: Signed by Speaker
- 02/19/99 Senate: Signed by President
- 03/09/99 Governor: Approved by Governor-Chapter 63 (effective 7/1/99)
- 03/11/99 Governor: Acts of Assembly Chapter text (CHAP0063)