Arizona legislation · Fifty-seventh Legislature - Second Regular Session (2026)
Arizona HB2979: credit unions; certificates; powers; committee
Status: Chaptered, June 19, 2026
HB2979 - credit unions; certificates; powers; committee
What the bill says
An act amending sections 6-506, 6-508, 6-509, 6-510, 6-516, 6-517, 6-538 and 6-551, arizona revised statutes; RELATING to credit unions.
From the chaptered text, July 1, 2026:
AN ACT amending sections 6-506, 6-508, 6-509, 6-510, 6-516, 6-517, 6-538 and 6-551, arizona revised statutes; RELATING to credit unions. (TEXT OF BILL BEGINS ON NEXT PAGE) Section 1. Section 6-506, Arizona Revised Statutes, is amended to read: START_STATUTE6-506. Organization procedure A. Any seven or more residents of this state who are of legal age and who have a common bond of interest or association may apply to the deputy director for permission to organize a credit union under this chapter. B. The incorporators shall prepare, adopt and execute a certificate of organization and shall agree to comply with the requirements of the certificate and with all of the laws and rules applicable to credit unions. The certificate shall state: 1. The credit union's name and the location of the proposed principal place of business. 2. That the existence of the credit union is perpetual. 3. The names and addresses of the incorporators and the number of shares subscribed to by each. 4. The purpose for which the credit union is formed. C. The incorporators shall prepare, adopt and execute bylaws consistent with this chapter for the general governance of the credit union. The bylaws, among other things, shall provide: 1. The proposed field of membership that shall consist of one or more groups having a common bond of interest, …
Sponsors
- Wilmeth, Justin (R, HD-002) · primary sponsor
Latest actions
- : Chapter 208
- : Governor Signed
- : Transmitted to Governor
- : Senate third reading passed (29 votes)
- : Transmitted to House
- : Passed
- : Senate read second time
- : Senate read first time
- : Rules: proper for consideration
- : Assigned to Rules
Votes
- THIRD Passed (June 9, 2026): 29 yea, 0 nay, passed
- FIN DP (March 16, 2026): 7 yea, 0 nay, passed
- THIRD Passed (February 26, 2026): 52 yea, 0 nay, passed
- RULES C&P (February 23, 2026): 6 yea, 0 nay, passed
- COM DPA (February 17, 2026): 11 yea, 0 nay, passed
Common questions
- What is HB2979?
- HB2979 is a bill in the Arizona Legislature (Fifty-seventh Legislature - Second Regular Session (2026)): credit unions; certificates; powers; committee.
- What does HB2979 do?
- In its own words: An act amending sections 6-506, 6-508, 6-509, 6-510, 6-516, 6-517, 6-538 and 6-551, arizona revised statutes; RELATING to credit unions.
- What is the status of HB2979?
- Chaptered as of June 19, 2026. Latest action: Chapter 208 (June 19, 2026).
- Who sponsored HB2979?
- Wilmeth, Justin (R, HD-002).
- Where is the official record for HB2979?
- On the Arizona Legislature website: https://apps.azleg.gov/BillStatus/BillOverview/85299/?SessionId=130
Source: official Arizona record. Tracked by Delilah, AI for legislation across all 50 states and Congress.