Substitute for Raised H.B. No. 7083
Session Year 2025
 


AN ACT CONCERNING VARIOUS REVISIONS TO THE CREDIT UNION STATUTES RELATING TO NONMEMBER PAYMENTS, MEMBER BUSINESS LOANS, CHARITABLE CONTRIBUTIONS, EXTENSIONS OF CREDIT, CAPITAL AND NET WORTH.

To (1) define "loan officer" for the purposes of various statutes relating to credit unions, (2) establish that certain credit unions may receive certain payments from nonmembers, (3) redefine "member business loan" for the purposes of certain statutory provisions relating to credit union loans, (4) establish that the management of Connecticut credit unions may make certain charitable contributions and gifts, (5) establish that employees, insiders or members of the governing board of Connecticut credit unions may obtain extensions of credit with preferential rates, terms or conditions, (6) establish that a Connecticut credit union may adopt policies establishing the manner in which such Connecticut credit union characterizes the proceeds of the resale of repossessed goods, and (7) redefine "capital" and "net worth" for the purposes of various statutory provisions relating to credit unions.

Introduced by:
Banking Committee

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Bill History

 Date Action Taken
 6/10/2025Signed by the Governor
 6/9/2025Transmitted by Secretary of the State to Governor
 6/5/2025Transmitted to the Secretary of State
 6/3/2025(LCO)Public Act 25-37
 5/28/2025On Consent Calendar / In Concurrence
 5/28/2025Senate Passed as Amended by House Amendment Schedule A
 5/28/2025Senate Adopted House Amendment Schedule A
 5/5/2025(LCO)File Number 822
 5/5/2025Senate Calendar Number 437
 5/5/2025Favorable Report, Tabled for the Calendar, Senate
 5/1/2025House Passed as Amended by House Amendment Schedule A
 5/1/2025House Adopted House Amendment Schedule A 7500
 3/27/2025(LCO)File Number 319
 3/27/2025House Calendar Number 221
 3/27/2025Favorable Report, Tabled for the Calendar, House
 3/27/2025(LCO)Reported Out of Legislative Commissioners' Office
 3/21/2025(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 03/26/25 5:00 PM
 3/11/2025(LCO)Filed with Legislative Commissioners' Office
 3/11/2025(BA)Joint Favorable Substitute
 2/28/2025Public Hearing 03/04
 2/27/2025Referred to Joint Committee on Banking

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