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A03521 Summary:

BILL NOA03521B
 
SAME ASSAME AS S05521-A
 
SPONSORRobinson
 
COSPNSRKearns, Mosley, Sepulveda, Weprin, Perry, Russell, Brabenec, Steck, Blake
 
MLTSPNSRCeretto, Simanowitz
 
Amd 96-d & 451-a, Bank L
 
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.
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