republic-os/legislation/us/states/il/102nd/sb-3787.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	CREDIT UNIONS-BIENNIAL EXAM	Amends the Illinois Credit Union Act. In provisions concerning reports and examinations, provides that one or more credit unions may be examined less frequently than biennially upon the Secretary of Financial and Professional Regulation's written statement. Provides that the Secretary's written statement shall include a finding that good cause exists; a finding that there is no reasonable expectation that harm to members will result; and, to the extent reasonable under the circumstances, identification of the affected credit unions and the expected frequency of examination. Provides that a written statement made pursuant to the provisions may be superseded by a subsequent statement. Provides that the Secretary is not required to conduct examinations that the Secretary would have been required to conduct but for a written statement. Provides that the written statement shall not be confidential supervisory information except to the extent it names or permits the identification of specific credit unions. Provides that the Secretary may accept an examination from the National Credit Union Administration or a private insurer instead of an examination conducted by the Department of Financial and Professional Regulation or by a public accountant registered by the Department. Provides that upon amendment of a credit union's bylaws (rather than upon amendment of a credit union's bylaws approved by the members), in all elections for directors, every member who is a natural person shall have the right to cast one vote in person, by proxy, or by secure electronic record if approved by the board of directors, for as many persons as there are directors to be elected. Changes a reference from "categories" to "investment grades". Makes other changes. Effective immediately.	us/states/il	Illinois General Assembly	102nd	SB 3787	Illinois SB 3787 (102nd)	bill		enacted	Don Harmon Jonathan Carroll	4	33	1	2022-01-21	2022-05-13	openstates	ocd-bill/fa5026ee-d1a5-4d23-8808-a472bfa91fff	https://ilga.gov/legislation/BillStatus.asp?DocNum=3787&GAID=16&DocTypeID=SB&LegId=138836&SessionID=110&GA=102	624b10ce5735e67204cab09ea25efab19561d12f4cf65c03a242f2e458964562	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 3787 (102nd) — CREDIT UNIONS-BIENNIAL EXAM

Amends the Illinois Credit Union Act. In provisions concerning reports and examinations, provides that one or more credit unions may be examined less frequently than biennially upon the Secretary of Financial and Professional Regulation's written statement. Provides that the Secretary's written statement shall include a finding that good cause exists; a finding that there is no reasonable expectation that harm to members will result; and, to the extent reasonable under the circumstances, identification of the affected credit unions and the expected frequency of examination. Provides that a written statement made pursuant to the provisions may be superseded by a subsequent statement. Provides that the Secretary is not required to conduct examinations that the Secretary would have been required to conduct but for a written statement. Provides that the written statement shall not be confidential supervisory information except to the extent it names or permits the identification of specific credit unions. Provides that the Secretary may accept an examination from the National Credit Union Administration or a private insurer instead of an examination conducted by the Department of Financial and Professional Regulation or by a public accountant registered by the Department. Provides that upon amendment of a credit union's bylaws (rather than upon amendment of a credit union's bylaws approved by the members), in all elections for directors, every member who is a natural person shall have the right to cast one vote in person, by proxy, or by secure electronic record if approved by the board of directors, for as many persons as there are directors to be elected. Changes a reference from "categories" to "investment grades". Makes other changes. Effective immediately.

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. Senate Amendment 001 (committee substitute) — source
4. Enrolled (enrolled) — source

Votes

• Third Reading — 112–0 (pass) · lower

Sponsors

• Don Harmon — primary (person)
• Jonathan Carroll — primary (person)
• Maurice A. West, II — cosponsor (person)

Timeline

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

• 2022-01-21 Filed with Secretary by Sen. John Connor filing
• 2022-01-21 First Reading reading-1
• 2022-01-21 Referred to Assignments referral-committee
• 2022-02-01 Assigned to Financial Institutions referral-committee
• 2022-02-10 Do Pass Financial Institutions; 006-000-000 committee-passage
• 2022-02-10 Placed on Calendar Order of 2nd Reading February 15, 2022
• 2022-02-18 Senate Floor Amendment No. 1 Filed with Secretary by Sen. John Connor amendment-introduction
• 2022-02-18 Senate Floor Amendment No. 1 Referred to Assignments referral-committee
• 2022-02-22 Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
• 2022-02-23 Second Reading reading-2
• 2022-02-23 Placed on Calendar Order of 3rd Reading February 24, 2022
• 2022-02-23 Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 007-000-000
• 2022-02-24 Recalled to Second Reading reading-2
• 2022-02-24 Senate Floor Amendment No. 1 Adopted; Connor amendment-passage
• 2022-02-24 Placed on Calendar Order of 3rd Reading
• 2022-02-24 Third Reading - Passed; 053-000-000 passage, reading-3
• 2022-02-25 Arrived in House introduction
• 2022-02-28 Chief House Sponsor Rep. Jonathan Carroll
• 2022-03-01 First Reading reading-1
• 2022-03-01 Referred to Rules Committee referral-committee
• 2022-03-07 Assigned to Financial Institutions Committee referral-committee
• 2022-03-15 Do Pass / Short Debate Financial Institutions Committee; 011-000-000 committee-passage
• 2022-03-16 Placed on Calendar 2nd Reading - Short Debate
• 2022-03-23 Second Reading - Short Debate reading-2
• 2022-03-23 Placed on Calendar Order of 3rd Reading - Short Debate
• 2022-03-23 Added Alternate Chief Co-Sponsor Rep. Maurice A. West, II
• 2022-03-31 Third Reading - Short Debate - Passed 112-000-000 passage, reading-3
• 2022-03-31 Passed Both Houses
• 2022-04-29 Sent to the Governor executive-receipt
• 2022-04-30 Chief Sponsor Changed to Sen. Don Harmon
• 2022-05-13 Governor Approved executive-signature
• 2022-05-13 Effective Date May 13, 2022
• 2022-05-13 Public Act . . . . . . . . . 102-0858 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/fa5026ee-d1a5-4d23-8808-a472bfa91fff. Confidence: reported (aggregated from official Illinois legislature records).