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A08693 Summary:

BILL NO    A08693 

SAME AS    No same as 

SPONSOR    Robinson

COSPNSR    Kearns, Sepulveda, Mosley

MLTSPNSR   Camara, Perry, Weisenberg

Amd SS96-d & 451, Bank L

Relates to including credit unions and federal credit unions within the
definition of bank, trust company or national bank for the purpose of the
banking development district program (which was created to encourage the
establishment of bank branches in geographic locations where there is a
demonstrated need for banking services); relates to directing the banking board
to promulgate rules and regulations to authorize the participation of credit
unions and federal credit unions in such program; provides that for purposes of
such program, a credit union may include in its membership any person or
organization located within a local community, neighborhood or rural district
where there is a demonstrated need for banking services.
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