credit unions; certificates; powers; committee

Summary

The bill updates statutes to set clear steps for creating and running credit unions, including organizer requirements, bylaws, and board composition. It adds procedures for amending certificates, bylaws, changing names or branch locations, and expands the activities credit unions may undertake, such as contracting and borrowing. These changes affect both new and existing credit unions and the state regulator that oversees them.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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