legislation: 105-hr-3439

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
105-hr-3439 105 hr 3439 Credit Union Community Reinvestment Act Finance and Financial Sector 1998-03-11 1998-03-17 Referred to the Subcommittee on Financial Institutions and Consumer Credit. House Rep. Kennedy, Joseph P., II [D-MA-8] MA D K000110 1 Credit Union Community Reinvestment Act - Amends the Community Reinvestment Act of 1977 to declare that: (1) the field of membership of a credit union shall be treated as the community served by such union; and (2) insured credit unions have a continuing and affirmative obligation to help meet the credit needs of the community served by such unions. Directs the National Credit Union Administration Board to: (1) exercise its authority under the Federal Credit Union Act to encourage any insured credit union whose total assets exceed $25 million to help meet the credit needs of the community it serves; and (2) take such a credit union's record of meeting those needs into account in its evaluation of any application to expand the credit union's field of membership or to establish a deposit facility. Authorizes Board deference to the State regulator of a credit union for enforcement of any State law requirements that are no less stringent than those of the Act. 2025-08-21T16:11:40Z https://www.congress.gov/bill/105th-congress/house-bill/3439

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