CT SB00922

Requires Connecticut credit unions to file financial and statistical reports with the National Credit Union Administration according to 12 CFR 741.6 instead of submitting separate reports to the state commissioner on February 1st and August 1st; penalty of $100 per day for failure to file remains in effect (effective October 1, 2015).

Allows applicants to send bank charter name objection notices to existing banks using any means that provides confirmation of delivery, not limited to registered or certified mail (effective October 1, 2015).

Establishes a deadline for Connecticut banks to file annual audit reports with the commissioner: the earlier of 120 days after the bank's fiscal year end or the date required by federal banking regulators, with possible extensions for good cause (effective October 1, 2015).

Replaces "home banking services" terminology with "virtual banking" to reflect modern technology, defining it as banking services provided through telecommunication or Internet access by banks, out-of-state banks, and credit unions (effective from passage).

Clarifies that virtual banking services provided through various technologies shall not be considered automated teller machines, satellite devices, branches, or offices under Connecticut law (effective from passage).