Colorado · 2025 Regular Session · Bill
SB 25-080: Allow Credit Union to Purchase Bank Assets
Introduced Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 25-080 is a bill introduced in the Colorado Senate on January 23, 2025. According to its official title, it concerns: Allow Credit Union to Purchase Bank Assets. Primary sponsor: William Lindstedt (Democratic), Scott Bright (Republican), Judy Amabile (Democratic). Most recent recorded action (March 4, 2025): Senate Committee on Finance Postpone Indefinitely.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
The bill authorizes a credit union to purchase the assets and liabilities of a state bank. The banking board may approve up to 5 purchases by credit unions per year. Prior to approving a purchase, a prospective credit union purchaser must conduct an analysis of the anticipated impacts to small business and agricultural lending and the intended prospective credit union purchaser's current and anticipated lending data for low- and moderate-income areas, including demonstrating that the purchase will meet the needs of the community. The analyses shall be reviewed by the department of regulatory agencies and made available to the public; except that any trade secrets or other privileged information protected by the "Colorado Open Records Act" incorporated into the analyses shall not be made publicly available.(Note: This summary applies to this bill as introduced.)
Sponsors
Sponsors by party (alphabetical): Democratic 2 · Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| William Lindstedt | Primary sponsor | Democratic | Senate | 25 |
| Scott Bright | Primary sponsor | Republican | Senate | 13 |
| Judy Amabile | Primary sponsor | Democratic | Senate | 18 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Senate Committee on Finance Postpone Indefinitely
- Introduced In Senate - Assigned to Finance