HB 187 North Carolina House · 2025-2026 Session

Credit Union Update.

HB 187 updates North Carolina's credit union oversight rules. It requires credit unions to pay semiannual supervision fees (in January and July) and submit annual financial reports to the Credit Union Division. The bill clarifies examination schedules (every 18 months), sets late-report penalties ($75-$750 per day), and specifies how fees and penalties are collected and used. These changes directly affect all North Carolina credit unions operating under Chapter 54 statutes, streamlining their regulatory compliance with the Administrator of Credit Unions. The bill focuses on administrative procedures, not new member benefits or financial programs.

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Jun 2025

House Passage

Mar 2025

Senate Passage

Governor

Introduced Feb 24, 2025 Last action Jun 18, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Edition 1 → Edition 2 · 2 edits

MINOR

This bill update removed sponsor information and committee referral details from the header, likely due to procedural changes after committee review. A new provision was added allowing photostatic or photographic copies of credit union records to be admissible as evidence in legal proceedings, which modernizes record-keeping practices and reduces administrative burdens for credit unions.

Scope change

The bill's substantive scope regarding credit union operations remains unchanged; only the evidentiary rules for record-keeping were expanded.

TECHNICAL

Removed primary sponsor names and committee referral information from the bill header, likely reflecting procedural updates after committee consideration.

REQUIREMENT

Added a new provision stating that photostatic or photographic reproductions of credit union records are admissible as evidence in legal proceedings, streamlining record-keeping and evidence presentation.

Floor votes · House Mar 26, 2025

How they voted

102–11

Passed · 8 other

Total votes 121

Mar 26, 2025

D Democratic46

35 Yea 8 Nay 3

76% Yea

I Independent2

1 Yea 1 Nay

50% Nay

R Republican73

66 Yea 2 Nay 5

90% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 18, 2025

Committee

Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate

upper

Mar 27, 2025

Committee

Ref To Com On Rules and Operations of the Senate

upper

Mar 26, 2025

Lower · Passed

Passed 3rd Reading

lower

Mar 25, 2025

Lower · Passed

Reptd Fav

lower

Mar 25, 2025

Committee

Re-ref Com On Rules, Calendar, and Operations of the House

lower

Mar 25, 2025

Lower · Passed

Reptd Fav Com Substitute

lower

Feb 26, 2025

Committee

Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House

lower

Feb 24, 2025

Introduced

Filed

lower

3 primary · 16 co-sponsors