---
type: "Bill"
title: "AN ACT TO AMEND SECTION 34-26-410, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE POWERS OF CREDIT UNIONS, SO AS TO PROVIDE THAT A CREDIT UNION MAY SELL CERTAIN FINANCIAL INSTRUMENTS TO PERSONS IN THE FIELD OF MEMBERSHIP; TO AMEND SECTION 34-26-500, RELATING TO MEMBERSHIP IN A CREDIT UNION, SO AS TO PROVIDE THE PROCEDURE FOR A CREDIT UNION TO SERVE NEW COMMUNITY GROUPS AND UNDERSERVED COMMUNITIES; TO AMEND SECTION 34-26-640, RELATING TO BOARD MEETINGS, SO AS TO REQUIRE THE BOARD TO MEET AT LEAST ONCE EACH YEAR AND TO ALLOW PARTICIPATION REMOTELY IN CERTAIN MEETINGS; AND TO AMEND SECTION 34-26-1020, RELATING TO PERMISSIBLE INVESTMENTS OF CREDIT UNION FUNDS, SO AS TO ALLOW FOR AN INVESTMENT IN CERTAIN CHARITABLE DONATION ACCOUNTS. - ratified title"
description: "AN ACT TO AMEND SECTION 34-26-410, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE POWERS OF CREDIT UNIONS, SO AS TO PROVIDE THAT A CREDIT UNION MAY SELL CERTAIN FINANCIAL INSTRUMENTS TO PERSONS IN THE FIELD OF MEMBERSHIP; TO AMEND SECTION 34-26-500, RELATING TO MEMBERSHIP IN A CREDIT UNION, SO AS TO PROVIDE THE PROCEDURE FOR A CREDIT UNION TO SERVE NEW COMMUNITY GROUPS AND UNDERSERVED COMMUNITIES; TO AMEND SECTION 34-26-640, RELATING TO BOARD MEETINGS, SO AS TO REQUIRE THE BOARD TO MEET AT LEAST ONCE EACH YEAR AND TO ALLOW PARTICIPATION REMOTELY IN CERTAIN MEETINGS; AND TO AMEND SECTION 34-26-1020, RELATING TO PERMISSIBLE INVESTMENTS OF CREDIT UNION FUNDS, SO AS TO ALLOW FOR AN INVESTMENT IN CERTAIN CHARITABLE DONATION ACCOUNTS. - ratified title"
jurisdiction: "us/states/sc"
legislature: "South Carolina General Assembly"
session: "2017-2018"
identifier: "S 337"
citation: "South Carolina S 337 (2017-2018)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Davis", "Grooms", "Reese", "Shealy"]
version_count: 5
action_count: 21
vote_count: 2
first_action: "2017-02-01"
last_action: "2018-05-31"
source: "openstates"
source_identifier: "ocd-bill/3c238143-f351-4414-a76f-7e8db8a7f783"
source_url: "http://www.scstatehouse.gov/billsearch.php?billnumbers=337&session=122&summary=B"
source_hash: "d61171fd6f63c79f94760eb27264ed163ebca1faf96b635c24ff69ca72678a86"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-sc"]
---

# South Carolina S 337 (2017-2018) — AN ACT TO AMEND SECTION 34-26-410, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE POWERS OF CREDIT UNIONS, SO AS TO PROVIDE THAT A CREDIT UNION MAY SELL CERTAIN FINANCIAL INSTRUMENTS TO PERSONS IN THE FIELD OF MEMBERSHIP; TO AMEND SECTION 34-26-500, RELATING TO MEMBERSHIP IN A CREDIT UNION, SO AS TO PROVIDE THE PROCEDURE FOR A CREDIT UNION TO SERVE NEW COMMUNITY GROUPS AND UNDERSERVED COMMUNITIES; TO AMEND SECTION 34-26-640, RELATING TO BOARD MEETINGS, SO AS TO REQUIRE THE BOARD TO MEET AT LEAST ONCE EACH YEAR AND TO ALLOW PARTICIPATION REMOTELY IN CERTAIN MEETINGS; AND TO AMEND SECTION 34-26-1020, RELATING TO PERMISSIBLE INVESTMENTS OF CREDIT UNION FUNDS, SO AS TO ALLOW FOR AN INVESTMENT IN CERTAIN CHARITABLE DONATION ACCOUNTS. - ratified title

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **2/1/2017** (committee substitute) — [source](http://www.scstatehouse.gov/sess122_2017-2018/prever/337_20170201.htm)
2. **3/1/2018** (committee substitute) — [source](http://www.scstatehouse.gov/sess122_2017-2018/prever/337_20180301.htm)
3. **3/2/2018** (committee substitute) — [source](http://www.scstatehouse.gov/sess122_2017-2018/prever/337_20180302.htm)
4. **3/7/2018** (committee substitute) — [source](http://www.scstatehouse.gov/sess122_2017-2018/prever/337_20180307.htm)
5. **4/26/2018** (committee substitute) — [source](http://www.scstatehouse.gov/sess122_2017-2018/prever/337_20180426.htm)

## Votes

- 2nd Reading — **38–0** (pass) · upper
- Passage of Bill — **99–0** (pass) · lower

## Sponsors

- Davis — primary (person)
- Grooms — primary (person)
- Reese — primary (person)
- Shealy — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-02-01** Introduced and read first time `introduction, reading-1`
- **2017-02-01** Referred to Committee on Banking and Insurance `referral-committee`
- **2018-03-01** Committee report: Favorable with amendment Banking and Insurance `committee-passage-favorable`
- **2018-03-02** Scrivener's error corrected
- **2018-03-07** Committee Amendment Adopted `amendment-passage`
- **2018-03-08** Read second time `reading-2`
- **2018-03-08** Roll call Ayes-38 Nays-0
- **2018-03-13** Read third time and sent to House `passage, reading-3`
- **2018-03-20** Introduced and read first time `introduction, reading-1`
- **2018-03-20** Referred to Committee on Labor, Commerce and Industry `referral-committee`
- **2018-04-26** Committee report: Favorable Labor, Commerce and Industry `committee-passage-favorable`
- **2018-05-02** Requests for debate-Rep(s). King, Gilliard, Brown, Pendarvis, Hart
- **2018-05-03** Requests for debate removed-Rep(s). Pendarvis, Brown
- **2018-05-03** Read second time `reading-2`
- **2018-05-03** Roll call Yeas-99 Nays-0
- **2018-05-03** Unanimous consent for third reading on next legislative day
- **2018-05-04** Read third time and enrolled `passage, reading-3`
- **2018-05-14** Ratified R 202
- **2018-05-15** Signed By Governor `executive-signature`
- **2018-05-23** Effective date 05/15/18
- **2018-05-31** Act No. 186

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3c238143-f351-4414-a76f-7e8db8a7f783`. Confidence: reported (aggregated from official South Carolina legislature records).