Bill Title: Relates to including credit unions and federal credit unions within the definition of bank, trust company or national bank for the purpose of the banking development district program (which was created to encourage the establishment of bank branches in geographic locations where there is a demonstrated need for banking services); relates to directing the banking board to promulgate rules and regulations to authorize the participation of credit unions and federal credit unions in such program; provides that for purposes of such program, a credit union may include in its membership any person or organization located within a local community, neighborhood or rural district where there is a demonstrated need for banking services.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2016-06-08 - REPORTED AND COMMITTED TO RULES [S05521 Detail]

Text: Latest bill text (Amended) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Velmanette Montgomery [D]	Primary	Sponsored Bills	SD-025	FollowTheMoney	Ballotpedia	VoteSmart
Senator Leroy Comrie [D]	Cosponsor	Sponsored Bills	SD-014	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jesse Hamilton [D]	Cosponsor	Sponsored Bills	SD-020	FollowTheMoney	Ballotpedia	VoteSmart

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