(at the request of House Interim Committee on Business and Labor for Northwest Credit Union Association)
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Regular Sponsors:
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Bill Title:
Relating to credit unions.
Catchline/Summary:
Provides that amendments to bylaws of credit union are automatically effective unless disapproved by Director of Department of Consumer and Business Services. Provides that amendments to bylaws of credit union are automatically effective unless disapproved by Director of Department of Consumer and Business Services.
Provides that credit union may expel member who creates undue risk of loss.
Eliminates requirement that board of directors of credit union must meet at least 10 times each calendar year. Authorizes director to establish minimum meeting frequency by rule.
Changes date for exercise by state credit unions of powers available to federal credit unions without director approval to January 1, 2017, from January 1, 2013.
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HB 2161
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