North Carolina legislation · 2025-2026 Session
North Carolina H187: Credit Union Update.
Status: In committee, June 18, 2025
What the bill says
An act to update the credit union statutes.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO UPDATE THE CREDIT UNION STATUTES. The General Assembly of North Carolina enacts: SECTION 1. G.S. 54-109.1 reads as rewritten: "§ 54-109.1. Definition and purposes.Definitions. The following definitions apply in Articles 14A to 15A of this Chapter: (1) Administrator. - Administrator of Credit Unions. (2) Commission. - Credit Union Commission. (3) Credit union. - A credit union is a cooperative, nonprofit association, incorporated under Articles 14A to 14L of this Chapter, for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest, and providing an opportunity for its members to use and control their own money in order to improve their economic and social condition. (4) Division. - Credit Union Division of the Department of Commerce." SECTION 2. Article 14B of Chapter 54 of the General Statutes reads as rewritten: "Article 14B. "Supervision and Regulation. ... "§ 54-109.14. Fees.Fees and penalties. (a) Each credit union subject to supervision and examination by the Administrator of Credit Unions, Administrator, including credit unions in process of voluntary liquidation, shall pay into the office of the Administrator of Credit Unions twice each year, in the months of January and July, supervision fees, except those credit unions which liquidate or convert fees. A credit union that liquidates …
Sponsors
- Howard, Julia C. (R, 77) · primary sponsor
- Bell, John R. (R, 10) · primary sponsor
- Jennifer Balkcom (R, HD-117) · primary sponsor
- Liu, Ya (D, 21) · primary sponsor
- Ager, Eric (D, 114)
- Belk, Mary (D, 88)
- Blust, John M. (R, 62)
- Butler, Deb (D, 18)
- James Clampitt (R)
- Cotham (R)
- Harrison, Pricey (D, 61)
- Iler, Frank (R, 17)
Latest actions
- : Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate
- : Withdrawn From Com
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Regular Message Received From House
- : Regular Message Sent To Senate
- : Passed 3rd Reading
- : Passed 2nd Reading
- : Placed On Cal For 03/26/2025
- : Cal Pursuant Rule 36(b)
Votes
- Credit Union Update. Second Reading (March 26, 2025): 101 yea, 11 nay, passed
Subjects: INVESTMENTS, FINANCIAL INSTITUTIONS, FINES & PENALTIES, PUBLIC, COMMISSIONS, CREDIT UNIONS, FEES, CREDIT UNION COMN.
Common questions
- What is H187?
- H187 is a bill in the North Carolina Legislature (2025-2026 Session): Credit Union Update.
- What does H187 do?
- In its own words: An act to update the credit union statutes.
- What is the status of H187?
- In committee as of June 18, 2025. Latest action: Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate (June 18, 2025).
- Who sponsored H187?
- Howard, Julia C. (R, 77), with 11 co-sponsors.
- Where is the official record for H187?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/H187
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.