Sec. 36a-37. Community credit unions: Definitions. - Connecticut Statutes

State Codes and Statutes

Statutes > Connecticut > Title36a > Chap664a > Sec36a-37

      Sec. 36a-37. Community credit unions: Definitions. As used in sections 36a-37 to 36a-37e, inclusive:

      (1) "Assessment area" means one or more of the geographic areas as delineated by a community credit union that (A) consist of one or more metropolitan statistical areas or one or more contiguous political subdivisions, including, but not limited to, counties, cities or towns, (B) include geographies in which the community credit union has its principal office, subsidiary offices and share-taking automated teller machines, and (C) include the surrounding geographies in which the community credit union originates or purchases a substantial portion of its loans.

      (2) "Community credit union" means a Connecticut credit union that has ten million dollars or more in total assets and the membership of which is limited to persons within a well-defined community, neighborhood or rural district as provided in subsection (a) of section 36a-438a.

      (3) "Community reinvestment performance" means the performance of a community credit union in helping to meet the credit needs of its entire community including low-income and moderate-income neighborhoods.

      (P.A. 01-9, S. 2, 11; P.A. 02-73, S. 79.)

      History: P.A. 01-9 effective July 1, 2001; P.A. 02-73 amended Subdiv. (2) by changing "local community" to "community" and replacing reference to Sec. 36a-438(a) with reference to Sec. 36a-438a(a).

State Codes and Statutes

Statutes > Connecticut > Title36a > Chap664a > Sec36a-37

      Sec. 36a-37. Community credit unions: Definitions. As used in sections 36a-37 to 36a-37e, inclusive:

      (1) "Assessment area" means one or more of the geographic areas as delineated by a community credit union that (A) consist of one or more metropolitan statistical areas or one or more contiguous political subdivisions, including, but not limited to, counties, cities or towns, (B) include geographies in which the community credit union has its principal office, subsidiary offices and share-taking automated teller machines, and (C) include the surrounding geographies in which the community credit union originates or purchases a substantial portion of its loans.

      (2) "Community credit union" means a Connecticut credit union that has ten million dollars or more in total assets and the membership of which is limited to persons within a well-defined community, neighborhood or rural district as provided in subsection (a) of section 36a-438a.

      (3) "Community reinvestment performance" means the performance of a community credit union in helping to meet the credit needs of its entire community including low-income and moderate-income neighborhoods.

      (P.A. 01-9, S. 2, 11; P.A. 02-73, S. 79.)

      History: P.A. 01-9 effective July 1, 2001; P.A. 02-73 amended Subdiv. (2) by changing "local community" to "community" and replacing reference to Sec. 36a-438(a) with reference to Sec. 36a-438a(a).

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Connecticut > Title36a > Chap664a > Sec36a-37

      Sec. 36a-37. Community credit unions: Definitions. As used in sections 36a-37 to 36a-37e, inclusive:

      (1) "Assessment area" means one or more of the geographic areas as delineated by a community credit union that (A) consist of one or more metropolitan statistical areas or one or more contiguous political subdivisions, including, but not limited to, counties, cities or towns, (B) include geographies in which the community credit union has its principal office, subsidiary offices and share-taking automated teller machines, and (C) include the surrounding geographies in which the community credit union originates or purchases a substantial portion of its loans.

      (2) "Community credit union" means a Connecticut credit union that has ten million dollars or more in total assets and the membership of which is limited to persons within a well-defined community, neighborhood or rural district as provided in subsection (a) of section 36a-438a.

      (3) "Community reinvestment performance" means the performance of a community credit union in helping to meet the credit needs of its entire community including low-income and moderate-income neighborhoods.

      (P.A. 01-9, S. 2, 11; P.A. 02-73, S. 79.)

      History: P.A. 01-9 effective July 1, 2001; P.A. 02-73 amended Subdiv. (2) by changing "local community" to "community" and replacing reference to Sec. 36a-438(a) with reference to Sec. 36a-438a(a).