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
  1. IntroducedJan 22, 2019
  2. Out of committeeFeb 8, 2019
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. 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

  1. By resolution, reintroduced and retained in present status.
  2. Senate Rules "X" file.
  3. Placed on second reading consent calendar.
  4. Passed to Rules Committee for second reading.
  5. FIET - Majority; do pass.
  6. 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.

Report wrong or missing information on this page