,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dhgi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #ai1         
#bjbb,mr4 ,padilla introduc$ ! foll[+   
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to am5d ! ,f$]al  
,cr$it ,union ,act to p]mit cr$it unions
 to s]ve c]ta9 und]s]v$ areas1 & = o!r  
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,exp&+ ,f9ancial ,access = 
,und]s]v$ ,communities ,act4  #b4 ,cr$it
 union s]vice to und]s]v$ areas ,section
 #aji ( ! ,f$]al ,cr$it ,union ,act 7#ab
 ,u4,s4,c4 #agei7 is am5d$-- 7#a7 9     
subsection 7c77#b7-- 7,a7 by /rik+ !    
field ( memb]%ip category ( :i* is      
describ$ 9 subsection 7b77#b712  7,b7 by
 am5d+ subp>agraph 7,a7 to read z       
foll[s3  7,a7 ! ,bo>d det]m9es t ! local
 community1 neighborhood1 or rural      
di/rict is an und]s]v$ area2 &  2 &     
7,c7 9 subp>agraph 7,b71 by ins]t+ n    
lat] ?an #b ye>s aft] hav+ su* und]s]v$ 
area add$ to ! cr$it union's *>t]1 be=e 

! cr$it union2 &  7#b7 by add+ at ! end 
! foll[+3  7h7 ,*ange ( field ( memb]%ip
 ,to include und]s]v$ areas  7#a7 ,9    
g5]al ,if an exi/+ ,f$]al cr$it union   
applies to ! ,bo>d to alt] or exp& !    
field ( memb]%ip ( ! cr$it union to s]ve
 an und]s]v$ area1 ! cr$it union %all   
submit a bus9ess & m>ket+ plan ) su*    
application t expla9s ! ability & int5t 
( ! cr$it union to s]ve ! population ( !
 und]s]v$ area ?r\gh ! *ange 9 field (  
memb]%ip4  7#b7 ,report by cr$it union  
,n lat] ?an #b ye>s aft] ! date on :i*  
an application describ$ "u p>agraph 7#a7
 is approv$1 ! cr$it union1 z "p ( !    
ord9>y c\rse ( ! exam9ation cycle &     
sup]vision process1 %all submit a report
 to ! ,adm9i/ration t includes-- 7,a7 an
 e/imate ( ! numb] ( memb]s ( ! cr$it   
union :o are memb]s by reason ( !       
application1 includ+ breakd[ns by ea*   
,/ate 7includ+ ! ,di/rict ( ,columbia & 
ea* t]ritory ( ! ,unit$ ,/ates71 ,tribal
 gov]nm5t entity1 & congressional       
di/rict2  7,b7 a description ( ! types (

 f9ancial s]vices utiliz$ by memb]s ( ! 
cr$it union :o are memb]s by reason ( ! 
application2  7,c7 an update ( !        
implem5tation ( ! cr$it union ( !       
bus9ess & m>ket+ plan describ$ "u       
p>agraph 7#a72 &  7,d7 a description ( !
 types ( f9ancial education programs    
made available to memb]s ( ! cr$it      
union1 includ+ ^? :o are memb]s by      
reason ( ! application & ^? 9 rural     
areas1 :]e applicable4  4  #c4 ,memb]   
bus9ess l5d+ 9 und]s]v$ areas ,section  
#ajg;,a7c77#a77;,b7 ( ! ,f$]al ,cr$it   
,union ,act 7#ab ,u4,s4,c4              
#ageg;a7c77#a77;,b77 is am5d$-- 7#a7 9  
clause 7iv71 by /rik+ or at ! end2  7#b7
 9 clause 7v71 by /rik+ ! p]iod & ins]t+
 2 or2 &  7#c7 by add+ at ! end !       
foll[+3  7vi7 t is made to a memb] or   
associat$ borr[] t lives 9 or op]ates 9 
an und]s]v$ area4  4  #d4 ,und]s]v$ area
 def9$ ,section #aja ( ! ,f$]al ,cr$it  
,union ,act 7#ab ,u4,s4,c4 #ageb7 is    
am5d$-- 7#a7 9 p>agraph 7#h71 by /rik+ 2
 & & ins]t+ a p]iod2  7#b7 9 p>agraph   

7#i71 by /rik+ ! p]iod at ! end & ins]t+
 2 &2 &  7#c7 by add+ at ! end ! foll[+3
  7#aj7 ! t]m und]s]v$ area means a     
geographic area consi/+ ( #a or m       
population c5sus tracts or #a or m      
c\nties1 t encompass or are locat$ )9-- 
7,a7 an inve/m5t area1 z def9$ 9 section
 #ajc7af7 ( ! ,community ,developm5t    
,bank+ & ,f9ancial ,in/itutions ,act (  
#aiid 7#ab ,u4,s4,c4 #dgjb7af772  7,b7  
gr\ps ( contigu\s c5sus tracts 9 :i* at 
lea/ #he p]c5t individually qualify z   
l[-income communities1 z def9$ 9 section
 #de;,d7e7 ( ! ,int]nal ,rev5ue ,code ( 
#aihf2 or  7,c7 an area t is m ?an #aj  
miles1 z measur$ f ea* po9t along !     
p]imet] ( ! area1 f ! ne>e/ bran* ( a   
depository in/itution1 z def9$ 9 section
 #c ( ! ,f$]al ,deposit ,insurance ,act 
7#ab ,u4,s4,c4 #ahac7 or cr$it union4  4
  #e4 ,reports by ! ,national ,cr$it    
,union ,adm9i/ration  7a7 ,initial      
report ,dur+ ! #a-ye> p]iod beg9n+ on ! 
date t is #b ye>s aft] ! date ( enactm5t
 ( ?is ,act1 ! ,national ,cr$it ,union  

,adm9i/ration %all submit to !          
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate & ! ,committee on   
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives a report on !           
implem5tation ( ! am5dm5ts made by ?is  
,act4  7b7 ,update ,on ! date t is #e   
ye>s aft] ! date on :i* ! report requir$
 "u subsection 7a7 is submitt$1 !       
,national ,cr$it ,union ,adm9i/ration   
%all submit to ! committees describ$ t  
subsection an updat$ report4  #f4 ,rule 
( con/ruction ,no?+ 9 ?is ,act or !     
am5dm5ts made by ?is ,act may be con/ru$
 to prev5t or o!rwise imp$e ! ability ( 
insur$ depository in/itutions1 z def9$ 9
 section #c ( ! ,f$]al ,deposit         
,insurance ,act 7#ab ,u4,s4,c4 #ahac7 to
 e/abli% bran*es & provide bank+ s]vices
 9 und]s]v$ areas4