state_legiscan_drain · IL
CREDIT UNIONS-VARIOUS
February 2, 2026
Summary
This bill, effective immediately, makes changes to Illinois credit union governance, including board delegation authority and executive officer definitions, while removing authority to engage in digital asset business activities. It imposes new marketing disclosure requirements for digital assets and adjusts compliance standards for investments in commercial mortgage securities.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=3113&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "CREDIT UNIONS-VARIOUS" cover?
- This bill, effective immediately, makes changes to Illinois credit union governance, including board delegation authority and executive officer…
- When was it published?
- It was published on February 2, 2026.
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