Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 18, 2013 |
vetoed memo.275 |
Dec 06, 2013 |
delivered to governor |
Jun 21, 2013 |
returned to senate passed assembly ordered to third reading rules cal.621 substituted for a3510 referred to ways and means |
Jun 20, 2013 |
delivered to assembly passed senate ordered to third reading cal.1554 committee discharged and committed to rules |
Apr 23, 2013 |
reported and committed to finance |
Jan 10, 2013 |
referred to banks |
Senate Bill S2089
Vetoed By Governor2013-2014 Legislative Session
Sponsored By
(R, C) 53rd Senate District
Archive: Last Bill Status - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(D) Senate District
(R, C, IP) Senate District
(D) Senate District
(R, C, IP) Senate District
2013-S2089 (ACTIVE) - Details
2013-S2089 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2089 TITLE OF BILL: An act to amend the banking law, in relation to credit union memberships and general powers PURPOSE: This bill would expand the qualifications for membership into credit unions and to create parity with federal credit unions in the areas of investing and branching. SUMMARY OF PROVISIONS: Section 1. Amends subdivision 2 of section 451 to provide that the qualification for memberships shall be determined by a new section 451-a and shall not apply to a corporate credit unions. Section 2. Adds a new section 451-a to the banking law to provide that the qualification for memberships shall be determined by the board of directors of the credit union. Section 3. Amends subparagraph (i) of paragraph (a) of subdivision 18 of section 454 of the banking law to authorize credit unions to invest in projects of State corporations that work with housing projects, slum clearance corporations, small business investment corporations and urban development corporations. Section 4. Amends subdivision 21 of section 454 of the banking law to
2013-S2089 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2089 2013-2014 Regular Sessions I N S E N A T E January 10, 2013 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend the banking law, in relation to credit union memberships and general powers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 451 of the banking law, as amended by chapter 660 of the laws of 2004, is amended to read as follows: 2. The qualifications for membership. [(a) Membership shall be limited to: (1) persons having a common employer; (2) persons and organizations who are members of the same trade, industry, profession, club, union, society or other association; (3) in the case of a credit union incorporated under this chapter as of the effective date of this subdivision, and with the approval of the superintendent, which approval shall not be given if it would be destructive of competition within a municipality, more than one common employer; provided, however, that an employer group with under three thousand employees may be added upon receipt of a notice as provided in subdivision two of section four hundred seventy-eight of this article; (4) with the approval of the superintendent, and subject to the provisions of paragraph (b) of this subdivision, more than one group each of which has, within the group, a common bond of occupation, including a common employer, or association; provided, however, that a group of less than three thousand members, which is within reasonable proximity to the credit union's service area or areas, may be added upon receipt of a notice as provided in subdivision two of section four hundred seventy-eight of this article; or (5) persons and organizations within a well-defined local community, neighborhood or rural district and who in the judgment of the super- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00150-01-3
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