SB 87 KY
AN ACT relating to the provision of financial services and products by credit unions.
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Summary
Amend KRS 66.480 to allow local government and school district investments in United States obligations by a repurchase agreement with a credit union and in interest-bearing accounts issued through a credit union; amend KRS 41.010 to redefine "bank" and "state depository" to include credit unions; amend KRS 41.070 to prohibit receipts from being held, used, or deposited in a personal or special credit union account; amend KRS 41.220 to allow credit unions to be designated as state depositories; amend KRS 41.240, 41.250, 41.300, 30A.120, and 30A.200 to conform.
Sponsor (1)
- G. Elkins Republican · primary
Action history (2)
- Jan 14, 2026 introduced in Senate · upper
- Jan 14, 2026 to Committee on Committees (S) · upper
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