34D4058011A5B2CB8725880F007B31CF Hearing Summary

The committee took a brief recess.

The committee reconvened.

Representatives Mullica
and Neville, bill sponsors, introduced House Bill 22-1277, Authorize Credit
Unions to Hold Public Money.  The bill allows public money to be deposited
or invested with a credit union that is federally insured, and permits
credit unions to make loans to public entities.



The bill sponsors
provided Amendments L.003 and L.004 (Attachments H and I) and a handout
(Attachment J) to the committee.  The bill sponsors responded to questions
from the committee.

Jenifer Waller, representing the Colorado Bankers Association, testified in opposition to the bill.

Matthew Propst, representing ANB Bank, testified in opposition to the bill.

Joe Martinez, representing the Independent Bankers of Colorado, testified in opposition to the bill.

The prior panel of witnesses responded to questions from the committee.

Meghan MacKillop, representing the Colorado Municipal League, testified in support of the bill.

Chip Taylor, representing the Special District Association of Colorado, testified in support of the bill.

Thomas Davidson, representing Counties & Commissioners Acting Together (CCAT), testified in support of the bill.

Curtis Gardner, representing himself, testified in support of the bill.

The prior panel of witnesses responded to questions from the committee.

Jay Goddard, representing Points West Community Bank, testified in opposition to the bill.

Jennifer Luce, representing FirstBank, testified in opposition to the bill.

Clay Whitham, representing Frontier Bank, testified in opposition to the bill.

The prior panel of witnesses responded to questions from the committee.

Malcolm Johnson, representing Canvas Credit Union, testified in support of the bill.

David Brown, representing Weld Community Credit Union, testified in support of the bill.

Darin Atteberry, representing Elevations Credit Union, testified in support of the bill.

The prior panel of witnesses responded to questions from the committee.

Rebecca Diaz, representing Legacy Bank, testified in opposition to the bill.

Jay Rickstrew, representing Alpine Bank, testified in opposition to the bill.

Loren Furman, representing the Colorado Chamber of Commerce, testified in opposition to the bill.

Eric Budreau, representing the Independent Bankers of Colorado, testified in opposition to the bill.

The prior panel of witnesses responded to questions from the committee.

John Ruby, representing Bellco Credit Union, testified in support of the bill.

Sarah Bay, representing Denver Community Credit Union, testified in support of the bill.

Dan Diorio, representing the Mountain West Credit Union Association, testified in support of the bill.

The prior panel of witnesses responded to questions from the committee.

Additional testimony that was submitted to the committee for consideration is provided as Attachment K.

The bill sponsors and committee members made closing remarks on the bill.