republic-os/legislation/us/states/ca/20112012/ab-1076.md

---
type: "Bill"
title: "Credit unions."
description: "Existing law, the California Credit Union Law, provides for the regulation and certification of credit unions by the Commissioner of Financial Institutions. Existing law regulates loans to officials of a credit union and defines an official as a director, officer, or member of the supervisory committee or the credit committee of a credit union. Existing law prohibits a credit union from entering into any obligation with an official of the credit union, directly or indirectly, not fully secured by shares or certificates for funds unless specified requirements are satisfied. Existing law makes it a crime for specified employees of a credit union to knowingly permit, or participate in, the creation of an obligation that is not in conformity with the requirements of the Credit Union Law, except as specified."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20112012"
identifier: "AB 1076"
citation: "California AB 1076 (20112012)"
classification: ["bill"]
subjects: ["Credit unions."]
status: "enacted"
primary_sponsors: ["Achadjian"]
version_count: 6
action_count: 24
vote_count: 6
first_action: "2011-02-18"
last_action: "2011-09-26"
source: "openstates"
source_identifier: "ocd-bill/2afe5b8d-852e-4cdc-8eb9-a239357c48ff"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB1076"
source_hash: "4c9cc7b60b1e9cb5b02c5e23a20de4a97f29d9f97b52e866efb6f935668602d4"
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-ca"]
---

# California AB 1076 (20112012) — Credit unions.

Existing law, the California Credit Union Law, provides for the regulation and certification of credit unions by the Commissioner of Financial Institutions. Existing law regulates loans to officials of a credit union and defines an official as a director, officer, or member of the supervisory committee or the credit committee of a credit union. Existing law prohibits a credit union from entering into any obligation with an official of the credit union, directly or indirectly, not fully secured by shares or certificates for funds unless specified requirements are satisfied. Existing law makes it a crime for specified employees of a credit union to knowingly permit, or participate in, the creation of an obligation that is not in conformity with the requirements of the Credit Union Law, except as specified.

## Version chain

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

1. **02/18/11 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1076&version=20110AB107699INT)
2. **04/04/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1076&version=20110AB107698AMD)
3. **06/06/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1076&version=20110AB107697AMD)
4. **09/26/11 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1076&version=20110AB107695CHP)
5. **AB1076** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB1076)
6. **09/08/11 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1076&version=20110AB107696ENR)

## Votes

- Do pass and re-refer to Committee on Appropriations with recommendation: To Consent Calendar. — **11–0** (pass) · lower
- Do pass, to Consent Calendar. — **16–0** (pass) · lower
- Do pass, but re-refer to the Committee on Appropriations Recommend Consent. — **6–0** (pass) · upper
- AB 1076 ACHADJIAN Consent Calendar Second Day — **78–0** (pass) · lower
- AB 1076 ACHADJIAN Concurrence in Senate Amendments — **76–0** (pass) · lower
- 3rd Reading AB1076 Achadjian By Vargas — **38–0** (pass) · upper

## Sponsors

- Achadjian — primary (person)

## Timeline

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

- **2011-02-18** Read first time. To print. `reading-1`
- **2011-02-20** From printer. May be heard in committee March 22.
- **2011-03-31** Referred to Com. on B. & F. `referral-committee`
- **2011-04-04** From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended. `reading-2, amendment-introduction, reading-1, amendment-passage`
- **2011-04-05** Re-referred to Com. on B. & F. `referral-committee`
- **2011-05-03** From committee: Do pass and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 11. Noes 0.) (May 2). Re-referred to Com. on APPR. `referral-committee, committee-passage, committee-passage-favorable`
- **2011-05-12** From committee: Do pass. To consent calendar. (Ayes 16. Noes 0.) (May 11). `committee-passage, committee-passage-favorable`
- **2011-05-16** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2011-05-19** Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1452.) `reading-3, reading-1, passage`
- **2011-05-19** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2011-06-02** Referred to Com. on B. & F.I. `referral-committee`
- **2011-06-06** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I. `reading-2, amendment-introduction, reading-1, amendment-passage, referral-committee`
- **2011-06-15** In committee: Hearing postponed by committee.
- **2011-06-30** From committee: Do pass and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 6. Noes 0.) (June 29). Re-referred to Com. on APPR. `referral-committee, committee-passage, committee-passage-favorable`
- **2011-08-15** From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar. `committee-passage`
- **2011-08-16** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2011-08-18** From consent calendar.
- **2011-08-18** Ordered to third reading.
- **2011-08-30** Read third time. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 2126.). `reading-3, reading-1, passage`
- **2011-08-31** In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 2 pursuant to Assembly Rule 77.
- **2011-09-02** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0. Page 2847.). `committee-passage-favorable, amendment-passage`
- **2011-09-13** Enrolled and presented to the Governor at 11 a.m.
- **2011-09-26** Approved by the Governor. `executive-signature`
- **2011-09-26** Chaptered by Secretary of State - Chapter 326, Statutes of 2011.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/2afe5b8d-852e-4cdc-8eb9-a239357c48ff`. Confidence: reported (aggregated from official California legislature records).