republic-os/legislation/us/states/il/102nd/hb-3698.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	FINANCE-CREDIT UNIONS/VARIOUS	Amends the Illinois Credit Union Act. In provisions concerning service to the economically disadvantaged, provides that members of a targeted population may be admitted to membership in a credit union. Provides that notice of a meeting of credit union members may be posted on the credit union's website. Provides that unless expressly prohibited by the articles of incorporation or bylaws, the board of directors may provide by resolution that members may attend, participate in, act in, and vote at any annual meeting or special meeting through the use of a conference telephone or interactive technology, subject to specified conditions. Sets forth provisions concerning appointment of associate directors. In provisions concerning compensation of officials, provides that if the Department of Financial and Professional Regulation determines the payment of director or committee member compensation creates a safety and soundness issue for a credit union, the Department may take an enforcement action to reduce or suspend the compensation. Provides that the board of directors shall hold regular meetings at least once each month; however, upon approval of an amendment to the bylaws of the credit union, the board of directors may hold meetings less frequently than once each month but at least once each quarter. Provides that a credit union shall select an annual reporting period, complete an external audit report, agreed-upon procedures report, and internal audit report, and deliver copies to the Secretary of Financial and Professional Regulation no later than 120 days after the end of the annual reporting period. In provisions concerning loan programs and provisions concerning investment of funds, allows a credit union to make loans to or invest in credit union service organizations in a total amount not exceeding the greater of 6% (rather than 3%) of specified amounts. Provides that a surviving credit union may identify the merging credit union as a division, branch, unit, or other descriptive reference. Provides that the network credit union board of directors shall require each advisory board member to sign a confidentiality or non-disclosure agreement. Defines "target market". Makes other changes.	us/states/il	Illinois General Assembly	102nd	HB 3698	Illinois HB 3698 (102nd)	bill		enacted	Antonio Muñoz Jay Hoffman	4	31	2	2021-02-19	2021-08-20	openstates	ocd-bill/d6c132f0-b03a-489a-9541-fc12d9872c9d	https://ilga.gov/legislation/BillStatus.asp?DocNum=3698&GAID=16&DocTypeID=HB&LegId=132746&SessionID=110&GA=102	fa0a40b088c8cb0f152b112b9b6997859845b634099119d7bb2826d4d89b0bc1	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois HB 3698 (102nd) — FINANCE-CREDIT UNIONS/VARIOUS

Amends the Illinois Credit Union Act. In provisions concerning service to the economically disadvantaged, provides that members of a targeted population may be admitted to membership in a credit union. Provides that notice of a meeting of credit union members may be posted on the credit union's website. Provides that unless expressly prohibited by the articles of incorporation or bylaws, the board of directors may provide by resolution that members may attend, participate in, act in, and vote at any annual meeting or special meeting through the use of a conference telephone or interactive technology, subject to specified conditions. Sets forth provisions concerning appointment of associate directors. In provisions concerning compensation of officials, provides that if the Department of Financial and Professional Regulation determines the payment of director or committee member compensation creates a safety and soundness issue for a credit union, the Department may take an enforcement action to reduce or suspend the compensation. Provides that the board of directors shall hold regular meetings at least once each month; however, upon approval of an amendment to the bylaws of the credit union, the board of directors may hold meetings less frequently than once each month but at least once each quarter. Provides that a credit union shall select an annual reporting period, complete an external audit report, agreed-upon procedures report, and internal audit report, and deliver copies to the Secretary of Financial and Professional Regulation no later than 120 days after the end of the annual reporting period. In provisions concerning loan programs and provisions concerning investment of funds, allows a credit union to make loans to or invest in credit union service organizations in a total amount not exceeding the greater of 6% (rather than 3%) of specified amounts. Provides that a surviving credit union may identify the merging credit union as a division, branch, unit, or other descriptive reference. Provides that the network credit union board of directors shall require each advisory board member to sign a confidentiality or non-disclosure agreement. Defines "target market". Makes other changes.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Introduced (filed) — source
2. Engrossed (committee substitute) — source
3. House Amendment 001 (committee substitute) — source
4. Enrolled (enrolled) — source

Votes

• Third Reading — 114–0 (pass) · lower
• Third Reading — 57–0 (pass) · upper

Sponsors

• Antonio Muñoz — primary (person)
• Jay Hoffman — primary (person)
• Anthony DeLuca — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2021-02-19 Filed with the Clerk by Rep. Jay Hoffman filing
• 2021-02-22 First Reading reading-1
• 2021-02-22 Referred to Rules Committee referral-committee
• 2021-03-16 Assigned to Financial Institutions Committee referral-committee
• 2021-03-23 Do Pass / Short Debate Financial Institutions Committee; 009-000-000 committee-passage
• 2021-04-08 Placed on Calendar 2nd Reading - Short Debate
• 2021-04-20 House Floor Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman amendment-introduction
• 2021-04-20 House Floor Amendment No. 1 Referred to Rules Committee referral-committee
• 2021-04-21 House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000 committee-passage-favorable
• 2021-04-21 Second Reading - Short Debate reading-2
• 2021-04-21 Held on Calendar Order of Second Reading - Short Debate reading-2
• 2021-04-22 House Floor Amendment No. 1 Adopted amendment-passage
• 2021-04-22 Placed on Calendar Order of 3rd Reading - Short Debate
• 2021-04-22 Third Reading - Short Debate - Passed 114-000-000 passage, reading-3
• 2021-04-22 Added Chief Co-Sponsor Rep. Anthony DeLuca
• 2021-04-23 Arrive in Senate introduction
• 2021-04-23 Placed on Calendar Order of First Reading reading-1
• 2021-04-23 Chief Senate Sponsor Sen. Antonio Muñoz
• 2021-04-23 First Reading reading-1
• 2021-04-23 Referred to Assignments referral-committee
• 2021-05-10 Approved for Consideration Assignments
• 2021-05-10 Placed on Calendar Order of 2nd Reading May 11, 2021
• 2021-05-13 Second Reading reading-2
• 2021-05-13 Placed on Calendar Order of 3rd Reading May 14, 2021
• 2021-05-24 Placed on Calendar Order of 3rd Reading ** May 25, 2021
• 2021-05-27 Third Reading - Passed; 057-000-000 passage, reading-3
• 2021-05-27 Passed Both Houses
• 2021-06-23 Sent to the Governor executive-receipt
• 2021-08-20 Governor Approved executive-signature
• 2021-08-20 Effective Date August 20, 2021
• 2021-08-20 Public Act . . . . . . . . . 102-0496 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/d6c132f0-b03a-489a-9541-fc12d9872c9d. Confidence: reported (aggregated from official Illinois legislature records).