Signed into LawFiled Feb 2, 2026
Sponsor: David Koehler (D)
Latest Action
Public Act . . . . . . . . . 104-0567
Jul 10, 2026
Summary
The bill amends the Illinois Credit Union Act so a credit union’s registered agent office can be different from its main business address. It also sets rules for director meeting minutes, adds disclosure requirements for digital‑asset services and contracts, permits sales of debt‑cancellation products to members, and authorizes investment in certain mortgage‑related securities. These changes aim to modernize operations and expand service options for credit unions and their members.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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