Fabio
93 lines
7.4 KiB
Markdown
93 lines
7.4 KiB
Markdown
---
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type: "Bill"
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title: "Credit unions."
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description: "(1) Existing law, the California Credit Union Law, provides for the regulation of credit unions by the Commissioner of Financial Protection and Innovation, and specifies requirement for the management and operation of credit unions. Existing law specifies the manner of deposit for the savings capital of a credit union, prohibits a credit union from entering into an obligation with any official that exceeds 20% of the aggregate dollar amount of all savings capital, and prohibits a credit union policy from permitting a credit union to enter into obligations with a member where the total obligations of the member exceeds 10% of the aggregate dollar amount of the credit union's savings capital. A willful violation of the California Credit Union Law is a crime."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20232024"
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identifier: "AB 2062"
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citation: "California AB 2062 (20232024)"
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classification: ["bill"]
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subjects: ["Credit unions"]
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status: "enacted"
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primary_sponsors: ["Grayson"]
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version_count: 7
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action_count: 24
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vote_count: 7
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first_action: "2024-02-01"
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last_action: "2024-09-20"
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source: "openstates"
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source_identifier: "ocd-bill/25f13555-b169-4f0a-b81a-13abddf3795f"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240AB2062"
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source_hash: "f8e815ec1dd98e606bb8b7160a9aae846b76f811346d3414fa5e0b4400265b55"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 2062 (20232024) — Credit unions.
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(1) Existing law, the California Credit Union Law, provides for the regulation of credit unions by the Commissioner of Financial Protection and Innovation, and specifies requirement for the management and operation of credit unions. Existing law specifies the manner of deposit for the savings capital of a credit union, prohibits a credit union from entering into an obligation with any official that exceeds 20% of the aggregate dollar amount of all savings capital, and prohibits a credit union policy from permitting a credit union to enter into obligations with a member where the total obligations of the member exceeds 10% of the aggregate dollar amount of the credit union's savings capital. A willful violation of the California Credit Union Law is a crime.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/01/24 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2062&version=20230AB206299INT)
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2. **04/01/24 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2062&version=20230AB206298AMD)
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3. **06/24/24 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2062&version=20230AB206297AMD)
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4. **07/03/24 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2062&version=20230AB206296AMD)
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5. **09/20/24 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2062&version=20230AB206294CHP)
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6. **AB2062** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240AB2062)
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7. **08/26/24 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2062&version=20230AB206295ENR)
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## Votes
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- Do pass as amended, but first amend, and re-refer to the Committee on [Judiciary] with the recommendation: To Consent Calendar — **6–0** (pass) · upper
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- Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — **11–0** (pass) · upper
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- AB 2062 Grayson Consent Calendar Second Day — **65–0** (pass) · lower
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- 3rd Reading AB2062 Grayson By Portantino — **40–0** (pass) · upper
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- Do pass. To Consent Calendar. — **14–0** (pass) · lower
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- AB 2062 Grayson Concurrence in Senate Amendments — **62–0** (pass) · lower
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- Do pass and be re-referred to the Committee on [Appropriations] — **9–0** (pass) · lower
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## Sponsors
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- Grayson — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-02-01** Read first time. To print. `reading-1`
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- **2024-02-02** From printer. May be heard in committee March 3.
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- **2024-02-12** Referred to Com. on B. & F. `referral-committee`
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- **2024-04-01** From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended. `amendment-introduction, amendment-passage, reading-1, reading-2`
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- **2024-04-01** In committee: Hearing postponed by committee.
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- **2024-04-02** Re-referred to Com. on B. & F. `referral-committee`
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- **2024-04-16** From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 15). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
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- **2024-05-01** From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (May 1). `committee-passage, committee-passage-favorable`
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- **2024-05-02** Read second time. Ordered to Consent Calendar. `reading-1, reading-2`
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- **2024-05-09** Read third time. Passed. Ordered to the Senate. (Ayes 65. Noes 0. Page 5158.) `passage, reading-1, reading-3`
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- **2024-05-09** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2024-05-22** Referred to Coms. on B. & F.I. and JUD. `referral-committee`
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- **2024-06-20** From committee: Amend, and do pass as amended and re-refer to Com. on JUD. with recommendation: To Consent Calendar. (Ayes 6. Noes 0.) (June 19). `amendment-introduction, amendment-passage, committee-passage, referral-committee`
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- **2024-06-24** Read second time and amended. Re-referred to Com. on JUD. `amendment-passage, reading-1, reading-2, referral-committee`
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- **2024-07-03** From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (July 2). `amendment-introduction, amendment-passage, committee-passage, referral-committee`
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- **2024-07-03** Read second time and amended. Re-referred to Com. on APPR. `amendment-passage, reading-1, reading-2, referral-committee`
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- **2024-08-05** From committee: Be ordered to second reading pursuant to Senate Rule 28.8. `committee-passage, reading-2`
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- **2024-08-06** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2024-08-20** Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 5232.). `passage, reading-1, reading-3`
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- **2024-08-20** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 22 pursuant to Assembly Rule 77.
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- **2024-08-22** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 62. Noes 0. Page 6428.). `amendment-passage, committee-passage-favorable`
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- **2024-08-28** Enrolled and presented to the Governor at 4 p.m.
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- **2024-09-20** Approved by the Governor. `executive-signature`
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- **2024-09-20** Chaptered by Secretary of State - Chapter 305, Statutes of 2024. `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/25f13555-b169-4f0a-b81a-13abddf3795f`. Confidence: reported (aggregated from official California legislature records).
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