New York · 2025 Regular Session · Bill

A 4818: Allows credit unions, savings banks, savings and loan associations and federal savings associations to accept and secure deposits from municipal corporations

In committee Last action January 7, 2026: REFERRED TO BANKS

Plain-language summary

A 4818 is a bill introduced in the New York House on February 6, 2025. According to its official title, it concerns: Allows credit unions, savings banks, savings and loan associations and federal savings associations to accept and secure deposits from municipal corporations. Primary sponsor: Clyde Vanel (Democratic). It lists 8 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO BANKS.

Sponsors

Primary sponsor: Clyde Vanel (Democratic). 8 co-sponsors.