BILL NUMBER: AB 2646INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Gatto FEBRUARY 24, 2012 An act relating to credit unions. LEGISLATIVE COUNSEL'S DIGEST AB 2646, as introduced, Gatto. Credit unions: branch offices: Indian reservations. Existing law provides for the formation and regulation of state-certified credit unions and requires that a credit union obtain a certificate of authority from the Commissioner of Financial Institutions to transact business as a credit union. Existing law prohibits a foreign (other nation) credit union from maintaining an office in this state at which it engages in representational functions unless it is licensed to maintain a representative office, agency, or branch at that place, as specified. This bill would state the intent of the Legislature to enact legislation that would authorize a state-certified credit union to operate a branch office on an Indian reservation. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. It is the intent of the Legislature to enact legislation that would authorize a state-certified credit union to operate a branch office on an Indian reservation.