WA People
BILL · 2019–20 SESSION

HB 1247: State credit union act

Concerning the Washington state credit union act.

Summary

  • Eliminates the requirement for annual and special meetings of a state-chartered credit union to be held at a designated place.
  • Requires verification of member accounts at least every two years.
  • Allows membership to include groups situated fully or partially outside of the state.
  • Provides state-chartered credit unions with all powers and authorities of out-of-state credit unions, except membership.
  • Allows state-chartered credit unions to invest in additional types of funds.

From the House Bill Report (HB 1247), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 19, Laws of 2019
  1. IntroducedJan 17, 2019
  2. Out of committeeJan 31, 2019
  3. Passed HouseMar 1, 2019
  4. Passed SenateMar 29, 2019
  5. GovernorApr 8, 2019
  6. LawApr 8, 2019
Prime sponsor
Kristine Reeves (D-30)
Introduced
January 17, 2019 in the House
Last action
April 8, 2019
Session law
Chapter 19, Laws of 2019
Companion bill
SB 5479
Budget
Has a fiscal note

AN ACT Relating to the Washington state credit union act;

Sponsors

Prime sponsor: Kristine Reeves (D-30)

1 co-sponsor (0 Democrats, 1 Republican)

Larry Hoff R-18

Votes

House · Final Passage

Passed March 1, 2019
Version voted on: HB 1247
95 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat56001
Republican39002
How each member voted

Yea (95)

Excused (3)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed March 29, 2019
Version voted on: HB 1247
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat28001
Republican18002
How each member voted

Excused (3)

Permalink to this vote

History

  1. Effective date 7/28/2019.
  2. Chapter 19, 2019 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 46; nays, 0; absent, 0; excused, 3.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading consent calendar.
  10. Passed to Rules Committee for second reading.
  11. FIET - Majority; do pass.
  12. First reading, referred to Financial Institutions, Economic Development & Trade.
  13. Third reading, passed; yeas, 95; nays, 0; absent, 0; excused, 3.
  14. Rules suspended. Placed on Third Reading.
  15. Placed on second reading by Rules Committee.
  16. Referred to Rules 2 Review.
  17. CPB - Majority; do pass.
  18. First reading, referred to Consumer Protection & Business.

HB 1247 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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