SB 1029·MI·senate
Financial institutions: credit unions; notice requirements for certain closures by credit unions; modify. Amends sec. 221 of 2003 PA 215 (MCL 490.221).
Reported by CommitteeFiled Jun 10, 2026
Sponsor: Kevin Daley (R)
Latest Action
REFERRED TO COMMITTEE OF THE WHOLE WITH SUBSTITUTE (S-1)
Oct 27, 2026
Summary
The bill updates Michigan law to alter the notice requirements that credit unions must give when they close specific branches or services. It affects credit unions and their members by changing how and when closure information is communicated. The change amends the existing provisions in MCL 490.221.
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