HR 3454 · 105th Congress · Finance and Financial Sector

Federal Credit Union Membership Act of 1998

Introduced 1998-03-12· Sponsored by Rep. Ehrlich, Robert L., Jr. [R-MD-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(1998-03-17)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Credit Union Membership Act of 1998 - Amends the Federal Credit Union Act to limit Federal credit union membership to: (1) a group which has a common bond of enterprise, trade, or association; or (2) groups within a well-defined community, neighborhood, or rural district with a population of 25,000 or less. Grandfathers any person or organization who: (1) was a member as of February 25, 1998; or (2) becomes a member of any group whose members constituted a portion of Federal credit union membership as of such date.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

1 Democrat1 Republican
Rep. Myrick, Sue Wilkins [R-NC-9]NC
Rep. Rivers, Lynn N. [D-MI-13]MI