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Bills/2020 Regular Session

HB 1489

Did not advanceCrossfile SB 975
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Governmental Entities - Authorization to Bank With Credit Unions

Sponsor: Kevin B. Hornberger (District 35B)Committee: Economic MattersSubject: Local Government - GenerallyStatus: Unfavorable Report by Economic Matters (as of Nov 6, 2020)

What this bill does

Official synopsis

Authorizing certain governmental entities or their authorized agents to deposit certain money in a credit union under certain circumstances; authorizing a credit union to act as a fiscal agent for and receive deposits from certain governmental entities; etc.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (14)

MGA witness list
FAV 10FavorableUNF 4Unfavorable
PositionWitnessOrganizationTestimony
FAVWeaver, ScottChief Lending Officer, APG Federal Credit UnionOral + Written (PDF)
FAVVari, FrankCouncilman, Chesapeake CityPosition only
FAVJohnson, AdrianMECUPosition only
FAVJorch, BillMaryland Municipal LeagueOral + Written (PDF)
FAVTaylor, RichMayor of Chesapeake CityPosition only
FAVHamilton, JohnPresident CEO, MECUPosition only
FAVBratsakis, JohnPresident, MD Credit Union AssociationPosition only
FAVNatale, KendrickTown of North EastPosition only
FAVMurray, RorylobbyistVP of Advocacy, MD Credit Union AssociationOral + Written (PDF)
FAVDelegate Hornberger, Delegate HornbergerlegislatorIndividualOral + Written (PDF)
UNFallen, mikeharford bankPosition only
UNFenten, bobmbaPosition only
UNFlehman, mindymbaPosition only
UNFmurphy, kathleenmbaOral + Written (PDF)

Organizations on record

Chief Lending Officer, APG Federal Credit UnionFAV 1
Councilman, Chesapeake CityFAV 1
harford bankUNF 1
Maryland Municipal LeagueFAV 1
Mayor of Chesapeake CityFAV 1
mbaUNF 3
MECUFAV 1
President CEO, MECUFAV 1
President, MD Credit Union AssociationFAV 1
Town of North EastFAV 1
VP of Advocacy, MD Credit Union AssociationFAV 1

Registered lobbyists who testified

FAVMurray, RoryVP of Advocacy, MD Credit Union AssociationRegistered for: Alliance to Prevent Legionnaire's Disease; American Council of Engineering Companies/MD; Association of Independent Maryland and D.C. Schools; Chesapeake Watershed Restoration Professionals; Kaiser Permanente; Lightstar Renewables…