state_legiscan_drain · MI
Financial institutions: credit unions; certain communication with a qualified private insurance organization; allow. Amends sec. 207 of 2003 PA 215 (MCL 490.207). TIE BAR WITH: HB 5779'26, HB 5780'26, HB 5781'26, HB 5782'26
April 14, 2026
Summary
If enacted, this bill would allow Michigan credit unions to communicate with a qualified private insurance organization regarding deposit insurance matters. This enables credit unions to share member information with private insurers for coordination of coverage, subject to applicable privacy laws. The bill amends the Credit Union Act and is tie-barred with related legislation.
Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-5783
Common questions
- What does "Financial institutions: credit unions; certain communication with a qualified private insurance organization; allow. Amends sec. 207 of 2003 PA 215 (MCL 490.207). TIE BAR WITH: HB 5779'26, HB 5780'26, HB 5781'26, HB 5782'26" cover?
- If enacted, this bill would allow Michigan credit unions to communicate with a qualified private insurance organization regarding deposit insurance…
- When was it published?
- It was published on April 14, 2026.