CREDIT UNIONS-VARIOUS
Summary
This Illinois bill modifies regulations for credit unions by making several operational and financial changes. It allows credit unions greater flexibility in where they locate their registered agent's office, establishes procedures for director meeting minutes, and requires credit unions to implement disclosure and due diligence measures when offering digital asset services or working with digital asset service providers. The bill also permits credit unions to invest in certain types of mortgage-related securities to better manage their finances and allows them to sell debt cancellation services to their members.
Sponsor
Last action
Placed on Calendar Order of 3rd Reading May 5, 2026
Apr 30, 2026
Topics
Legislative history
Second Reading
Placed on Calendar Order of 3rd Reading May 5, 2026
Approved for Consideration Assignments
Placed on Calendar Order of 2nd Reading April 29, 2026
Chief Senate Sponsor Sen. David Koehler
First Reading
Referred to Assignments
Arrive in Senate
Placed on Calendar Order of First Reading April 16, 2026
House Floor Amendment No. 2 Adopted
Placed on Calendar Order of 3rd Reading - Short Debate
Third Reading - Short Debate - Passed 109-000-000
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 011-000-000
House Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee
House Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman
House Floor Amendment No. 2 Referred to Rules Committee
Placed on Calendar 2nd Reading - Short Debate
House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 012-000-000
House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
Assigned to Financial Institutions and Licensing Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
House Committee Amendment No. 1 Referred to Rules Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Jay Hoffman