NY A01680 | 2011-2012 | General Assembly

Status

Spectrum: Moderate Partisan Bill (Democrat 11-2)
Status: Introduced on January 11 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to banks
Pending: Assembly Banks Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Includes 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); directs the banking board to promulgate rules and regulations to authorize the participation of credit unions and federal credit unions in such program; and 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.

Tracking Information

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Title

Includes 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); directs the banking board to promulgate rules and regulations to authorize the participation of credit unions and federal credit unions in such program; and 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.

Sponsors


History

DateChamberAction
2012-01-04Assemblyreferred to banks
2011-01-11Assemblyreferred to banks

Same As/Similar To

S03654 (Same As) 2012-01-19 - PRINT NUMBER 3654A

New York State Sources


Bill Comments

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