BILL · 2019–20 SESSION
SB 5479: 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 Senate Bill Report (SB 5479), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the Senate floor
- IntroducedJan 22, 2019
- Out of committeeFeb 8, 2019
- Passed Senatestopped here
- Passed House
- Governor
- Law
- Prime sponsor
- Mark Mullet (D-5)
- Introduced
- January 22, 2019 in the Senate
- Last action
- January 13, 2020
- Companion bill
- HB 1247
- Budget
- Has a fiscal note
AN ACT Relating to the Washington state credit union act;
Sponsors
Prime sponsor: Mark Mullet (D-5)
2 co-sponsors (1 Democrat, 1 Republican)
Votes
No recorded floor votes.
History
- By resolution, reintroduced and retained in present status.
- Senate Rules "X" file.
- Placed on second reading consent calendar.
- Passed to Rules Committee for second reading.
- FIET - Majority; do pass.
- First reading, referred to Financial Institutions, Economic Development & Trade.
SB 5479 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5479 (2025–26) Open space incidental use
- SB 5479 (2023–24) Long-term care/referendum
- SB 5479 (2021–22) Beverage alcohol/workforce
- SB 5479 (2017–18) Shared parental leave
- SB 5479 (2015–16) Contractor fining by DES
- SB 5479 (2013–14) Safekeeping of firearms
- SB 5479 (2011–12) High school math & science
- SB 5479 (2009–10) Juveniles & courts