republic-os/legislation/us/states/ca/20152016/ab-2274.md

---
type: "Bill"
title: "Credit unions."
description: "(1) The California Credit Union Law provides for the regulation of credit unions within the state by the Commissioner of Business Oversight. The law requires a credit union to be directed by a board of directors consisting of an odd number of directors, at least 5 in number, each of whom are a member of the credit union, to be elected by the members at their annual meeting. The law requires a credit union to have a supervisory committee of at least 3 persons, each of whom is a member of the credit union. The law authorizes the directors to delegate the approval of applications for new memberships to any officer, director, committee member, or employee pursuant to a written membership plan adopted by the board, provided the board reviews, at least quarterly, a report of membership applications approved by an officer, director, committee member, or employee."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20152016"
identifier: "AB 2274"
citation: "California AB 2274 (20152016)"
classification: ["bill"]
subjects: ["Credit unions."]
status: "enacted"
primary_sponsors: ["Dababneh"]
version_count: 6
action_count: 25
vote_count: 6
first_action: "2016-02-18"
last_action: "2016-09-14"
source: "openstates"
source_identifier: "ocd-bill/a1db1d0b-ce14-4c70-b382-09295b3f9c72"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB2274"
source_hash: "c811266a5ab590b2a88b96cc39784d6ad78d8174b1767864525d0934a68c7aeb"
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 2274 (20152016) — Credit unions.

(1) The California Credit Union Law provides for the regulation of credit unions within the state by the Commissioner of Business Oversight. The law requires a credit union to be directed by a board of directors consisting of an odd number of directors, at least 5 in number, each of whom are a member of the credit union, to be elected by the members at their annual meeting. The law requires a credit union to have a supervisory committee of at least 3 persons, each of whom is a member of the credit union. The law authorizes the directors to delegate the approval of applications for new memberships to any officer, director, committee member, or employee pursuant to a written membership plan adopted by the board, provided the board reviews, at least quarterly, a report of membership applications approved by an officer, director, committee member, or employee.

## Version chain

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

1. **02/18/16 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2274&version=20150AB227499INT)
2. **08/01/16 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2274&version=20150AB227498AMD)
3. **08/10/16 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2274&version=20150AB227497AMD)
4. **09/14/16 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2274&version=20150AB227495CHP)
5. **AB2274** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB2274)
6. **08/23/16 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2274&version=20150AB227496ENR)

## Votes

- 3rd Reading AB2274 Dababneh By Glazer — **38–0** (pass) · upper
- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **7–0** (pass) · upper
- AB 2274 DABABNEH Concurrence in Senate Amendments — **78–0** (pass) · lower
- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **12–0** (pass) · lower
- AB 2274 DABABNEH Consent Calendar Second Day — **79–0** (pass) · lower
- Do pass. To Consent Calendar. — **20–0** (pass) · lower

## Sponsors

- Dababneh — primary (person)

## Timeline

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

- **2016-02-18** Read first time. To print. `reading-1`
- **2016-02-19** From printer. May be heard in committee March 20.
- **2016-03-03** Referred to Com. on B. & F. `referral-committee`
- **2016-03-28** In committee: Set, first hearing. Hearing canceled at the request of author.
- **2016-04-05** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (April 4). Re-referred to Com. on APPR. `referral-committee, committee-passage-favorable, committee-passage`
- **2016-04-13** From committee: Do pass. To Consent Calendar. (Ayes 20. Noes 0.) (April 13). `committee-passage-favorable, committee-passage`
- **2016-04-14** Read second time. Ordered to Consent Calendar. `reading-2, reading-1`
- **2016-04-21** Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 4463.) `reading-3, passage, reading-1`
- **2016-04-21** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2016-05-05** Referred to Com. on B. & F.I. `referral-committee`
- **2016-06-09** In committee: Hearing postponed by committee.
- **2016-06-15** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (June 15). Re-referred to Com. on APPR. `referral-committee, committee-passage-favorable, committee-passage`
- **2016-08-01** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR. `referral-committee, reading-2, amendment-introduction, amendment-passage, reading-1`
- **2016-08-01** From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar. `committee-passage`
- **2016-08-02** Read second time. Ordered to Consent Calendar. `reading-2, reading-1`
- **2016-08-04** From Consent Calendar.
- **2016-08-04** Ordered to third reading.
- **2016-08-10** Read third time and amended. Ordered to second reading. `reading-3, amendment-passage, reading-1`
- **2016-08-11** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2016-08-15** Read third time. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 4982.). `reading-3, passage, reading-1`
- **2016-08-16** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 18 pursuant to Assembly Rule 77.
- **2016-08-22** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6043.). `committee-passage-favorable, amendment-passage`
- **2016-08-26** Enrolled and presented to the Governor at 4:30 p.m.
- **2016-09-14** Approved by the Governor. `executive-signature`
- **2016-09-14** Chaptered by Secretary of State - Chapter 353, Statutes of 2016.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a1db1d0b-ce14-4c70-b382-09295b3f9c72`. Confidence: reported (aggregated from official California legislature records).