Law
Credit unions
CREDIT UNIONS – Amends and repeals existing law to revise provisions regarding credit unions.

RS31293 / S1301

This bill is a routine industry bill that provides updates and modernizes the Idaho Credit Union Act, providing flexibility and modern provisions to allow Idaho state-chartered credit unions to better serve their members. The proposed updates in the Act include: 1) Providing additional definitions which will help provide better clarity during routine credit union examinations with Idaho state-chartered credit unions. 2) Updates general governance provisions in the Act that will help streamline day-to-day operations for Idaho credit unions. This includes removing mandated fiscal years, removing the requirement to provide documents in triplicate, and the ability to email authority and other requests to the Idaho Department of Finance. 3) Provide opportunities and flexibility for Idaho credit unions to serve underserved areas throughout Idaho that are lacking traditional financial service opportunities. 4) Provides credit unions more access to emerging financial tools and services that will better serve their members directly through improved and expanded service offerings and ensure greater protection and security for consumers.

Bill Events
Date Description
02/09 Introduced; read first time; referred to JR for Printing
02/12 Reported Printed; referred to Commerce & Human Resources
02/21 Reported out of Committee with Do Pass Recommendation; Filed for second reading
02/22 Read second time; filed for Third Reading
02/27 Retained on calendar
02/28 Read third time in full – PASSED - 34-0-1
AYES – Adams, Anthon, Bernt, Bjerke, Burtenshaw, Cook, Den Hartog, Foreman, Forsmann(Carlson), Grow, Guthrie, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews, Trakel, VanOrden, Ward-Engelking, Wintrow, Zuiderveld
NAYS – None
Absent and excused – Winder
Floor Sponsor - Lakey
Title apvd - to House
02/29 Received from the Senate, Filed for First Reading
02/29 Read First Time, Referred to Business
03/14 Reported out of Committee with Do Pass Recommendation, Filed for Second Reading
03/15 Read second time; Filed for Third Reading
03/18 Read Third Time in Full – PASSED - 70-0-0
AYES – Achilles, Alfieri, Allgood, Andrus, Barbieri, Berch, Blanksma, Boyle, Bundy, Burns, Cannon, Cheatum, Chew(Beazer), Clow, Cornilles, Crane(12)(Crane), Crane(13), Dixon(1), Dixon(24), Durrant, Ehardt, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Gannon, Garner, Green, Handy, Hawkins, Healey, Hill, Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Necochea, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Roberts, Rubel, Sauter, Scott, Shepherd, Skaug, Tanner, Vander Woude, Weber(Mendenhall), Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker
NAYS – None
Absent – None
Floor Sponsor - Crane(13)
Title apvd - to Senate
03/18 Returned From House Passed; referred to enrolling
03/19 Reported enrolled; signed by President; to House for signature of Speaker
03/19 Received from Senate; Signed by Speaker; Returned to Senate
03/19 Reported signed by the Speaker & ordered delivered to Governor
03/20 Reported delivered to Governor at 4:52 p.m. on 03/19/24
03/22 Signed by Governor on 03/21/24
Session Law Chapter 130
Effective: 07/01/2024
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