Bill Sponsor
Illinois House Bill 2785
Session 104th
Credit Unions-Various
Became Law
Became Law
Became Law on Aug 15, 2025
Sponsors
First Action
Feb 5, 2025
Latest Action
Aug 15, 2025
Origin Chamber
House
Type
Bill
Bill Number
2785
State
Illinois
Session
104th
Sponsorship by Party
Democrat
Primary
Democrat
Primary
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
House Votes (6)
Senate Votes (4)
Motion Text
Concurrence
House Roll Call Votes
Excused
Unknown
Johnson
Yes
Unknown
Jones
Yes
Summary
Amends the Illinois Credit Union Act. Authorizes a credit union to furnish information to any person on a list submitted and periodically updated by a member who is an elderly person or person with a disability or to specified other persons, if there is suspicion by the credit union that the member has been or may become a victim of financial exploitation. Provides that the board of directors of a credit union with a composite rating of either 1 or 2 under the Uniform Financial Institutions Rating System known as the CAMELS supervisory rating system and a management rating under such composite rating of either 1 or 2 may meet not less than 4 (instead of 6) times annually. Provides that the supervisory committee of a credit union with assets of less than $10,000,000 may, at its option, engage (instead of a credit union with assets of $5,000,000 or more, but less than $10,000,000 shall engage) a licensed certified public accountant or licensed certified public accounting firm to perform specified auditing and other services. Permits the merger of credit unions, without meeting certain voting and notice requirements, where supervisory concerns exist and upon agreement of the boards of directors of the merging and continuing credit unions, as confirmed by a majority vote of the directors present at a meeting of each board at which a quorum is present. Makes other changes.
Text (7)
08/15/2025
House
Public Act . . . . . . . . . 104-0248
08/15/2025
House
Effective Date August 15, 2025
08/15/2025
House
Governor Approved
06/24/2025
House
Sent to the Governor
05/31/2025
House
Passed Both Houses
05/31/2025
House
House Concurs
05/31/2025
House
Senate Floor Amendment No. 3 House Concurs 116-000-000
05/31/2025
House
Senate Committee Amendment No. 1 House Concurs 116-000-000
05/31/2025
House
Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Insurance Committee; 017-000-000
05/31/2025
House
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Insurance Committee; 017-000-000
05/31/2025
House
Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Insurance Committee
05/31/2025
House
Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Insurance Committee
05/30/2025
House
Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee
05/30/2025
House
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
05/30/2025
House
Senate Floor Amendment No. 3 Motion Filed Concur Rep. Martin J. Moylan
05/30/2025
House
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Martin J. Moylan
05/30/2025
House
Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 3
05/30/2025
House
Arrived in House
05/30/2025
Senate
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
05/30/2025
Senate
Third Reading - Passed; 057-000-000
05/30/2025
Senate
Placed on Calendar Order of 3rd Reading
05/30/2025
Senate
Senate Floor Amendment No. 3 Adopted; Villivalam
05/30/2025
Senate
Recalled to Second Reading
05/29/2025
Senate
Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 012-000-000
05/29/2025
Senate
Added as Alternate Chief Co-Sponsor Sen. Linda Holmes
05/29/2025
Senate
Alternate Chief Sponsor Changed to Sen. Ram Villivalam
05/29/2025
Senate
Senate Floor Amendment No. 3 Assignments Refers to Executive
05/29/2025
Senate
Senate Floor Amendment No. 3 Referred to Assignments
05/29/2025
Senate
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Ram Villivalam
05/28/2025
Senate
Senate Floor Amendment No. 2 Referred to Assignments
05/28/2025
Senate
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Ram Villivalam
05/23/2025
Senate
Rule 2-10 Third Reading/Passage Deadline Established As June 1, 2025
05/15/2025
Senate
Placed on Calendar Order of 3rd Reading May 20, 2025
05/15/2025
Senate
Second Reading
05/15/2025
Senate
Placed on Calendar Order of 2nd Reading
05/15/2025
Senate
Do Pass as Amended Executive; 009-004-000
05/14/2025
Senate
Senate Committee Amendment No. 1 Adopted
05/14/2025
Senate
Senate Committee Amendment No. 1 Assignments Refers to Executive
05/13/2025
Senate
Alternate Chief Sponsor Changed to Sen. Don Harmon
05/13/2025
Senate
Senate Committee Amendment No. 1 Referred to Assignments
05/13/2025
Senate
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
05/09/2025
Senate
Rule 2-10 Committee Deadline Established As May 23, 2025
05/08/2025
Senate
Assigned to Executive
04/14/2025
Senate
Referred to Assignments
04/14/2025
Senate
First Reading
04/14/2025
Senate
Chief Senate Sponsor Sen. David Koehler
04/14/2025
Senate
Placed on Calendar Order of First Reading
04/14/2025
Senate
Arrive in Senate
04/11/2025
House
Added Co-Sponsor Rep. Hoan Huynh
04/11/2025
House
Added Co-Sponsor Rep. Dave Vella
04/11/2025
House
Added Co-Sponsor Rep. Anthony DeLuca
04/11/2025
House
Added Co-Sponsor Rep. Joyce Mason
04/11/2025
House
Added Co-Sponsor Rep. Rick Ryan
04/11/2025
House
Added Co-Sponsor Rep. Mary Gill
04/11/2025
House
Added Co-Sponsor Rep. Michael J. Kelly
04/11/2025
House
Added Co-Sponsor Rep. Natalie A. Manley
04/11/2025
House
Third Reading - Short Debate - Passed 115-000-000
04/10/2025
House
Chief Sponsor Changed to Rep. Martin J. Moylan
04/10/2025
House
Added Chief Co-Sponsor Rep. Jay Hoffman
04/10/2025
House
Chief Sponsor Changed to Rep. Ann M. Williams
03/25/2025
House
Placed on Calendar Order of 3rd Reading - Short Debate
03/25/2025
House
Second Reading - Short Debate
03/12/2025
House
Placed on Calendar 2nd Reading - Short Debate
03/11/2025
House
Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 012-000-000
03/11/2025
House
House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
03/11/2025
House
Added Chief Co-Sponsor Rep. Margaret Croke
03/05/2025
House
House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
03/04/2025
House
House Committee Amendment No. 1 Referred to Rules Committee
03/04/2025
House
House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
03/04/2025
House
Assigned to Financial Institutions and Licensing Committee
02/06/2025
House
Referred to Rules Committee
02/06/2025
House
First Reading
02/05/2025
House
Filed with the Clerk by Rep. Jay Hoffman
Sources
Record Created
Feb 6, 2025 10:51:28 PM
Record Updated
Nov 4, 2025 1:35:53 PM