republic-os/legislation/us/states/il/93rd/hb-1516.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 BOARD POWERS	Amends the Illinois Credit Union Act. Provides for credit union fees to be paid to the Department of Financial Institutions by July 1 rather than March 1. Authorizes credit unions to expel members who violate board policy. Authorizes credit unions to make payments upon the order of a minor. Provides that compliance by a credit union with laws or regulations that preempt the Illinois Credit Union Act constitutes compliance with that Act. Authorizes credit unions to make loans to credit union organizations in an amount not greater than 3%, rather than 1%, of paid-in and unimpaired capital. Effective immediately.	us/states/il	Illinois General Assembly	93rd	HB 1516	Illinois HB 1516 (93rd)	bill		enacted		4	44	4	2003-02-06	2003-12-31	openstates	ocd-bill/8cbe7644-9553-4b65-b267-ef6b566ac8a5	http://ilga.gov/legislation/BillStatus.asp?DocNum=1516&GAID=3&DocTypeID=HB&LegId=2312&SessionID=3&GA=93	cfe030fb2cfdd0c4aeceb1f99b47fb5dfa199bb97e6fe691c7fdfc6c924b42c1	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois HB 1516 (93rd) — CREDIT UNIONS BOARD POWERS

Amends the Illinois Credit Union Act. Provides for credit union fees to be paid to the Department of Financial Institutions by July 1 rather than March 1. Authorizes credit unions to expel members who violate board policy. Authorizes credit unions to make payments upon the order of a minor. Provides that compliance by a credit union with laws or regulations that preempt the Illinois Credit Union Act constitutes compliance with that Act. Authorizes credit unions to make loans to credit union organizations in an amount not greater than 3%, rather than 1%, of paid-in and unimpaired capital. 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. Re-Enrolled (committee substitute) — source
4. Enrolled (enrolled) — source

Votes

• Third Reading — 56–0 (pass) · upper
• Motion — 86–29 (fail) · lower
• Third Reading — 113–0 (pass) · lower
• Motion — 56–0 (pass) · upper

Sponsors

• Joseph M. Lyons — primary (person)

Timeline

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

• 2003-02-06 Filed with the Clerk by Rep. Joseph M. Lyons filing
• 2003-02-06 Chief Co-Sponsor Rep. Bill Mitchell
• 2003-02-06 First Reading reading-1
• 2003-02-06 Referred to Rules Committee referral-committee
• 2003-02-11 Assigned to Financial Institutions Committee referral-committee
• 2003-03-05 House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee amendment-introduction
• 2003-03-05 House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote amendment-passage
• 2003-03-05 Do Pass as Amended / Short Debate Financial Institutions Committee; 013-000-000 committee-passage
• 2003-03-05 Placed on Calendar 2nd Reading - Short Debate
• 2003-03-05 Added Chief Co-Sponsor Rep. Thomas Holbrook
• 2003-03-18 Second Reading - Short Debate reading-2
• 2003-03-18 Placed on Calendar Order of 3rd Reading - Short Debate
• 2003-03-19 Third Reading - Short Debate - Passed 113-000-001 reading-3, passage
• 2003-03-19 Arrive in Senate introduction
• 2003-03-19 Placed on Calendar Order of First Reading March 20, 2003 reading-1
• 2003-03-19 Chief Senate Sponsor Sen. Kimberly A. Lightford
• 2003-03-20 First Reading reading-1
• 2003-03-20 Referred to Rules referral-committee
• 2003-04-03 Assigned to Financial Institutions referral-committee
• 2003-04-10 Postponed - Financial Institutions
• 2003-05-01 Do Pass Financial Institutions; 009-000-000 committee-passage
• 2003-05-01 Placed on Calendar Order of 2nd Reading May 6, 2003
• 2003-05-08 Second Reading reading-2
• 2003-05-08 Placed on Calendar Order of 3rd Reading May 9, 2003
• 2003-05-08 Added as Alternate Chief Co-Sponsor Sen. Mattie Hunter
• 2003-05-09 Third Reading - Passed; 056-000-000 reading-3, passage
• 2003-05-09 Passed Both Houses
• 2003-05-23 Sent to the Governor executive-receipt
• 2003-07-17 Governor Amendatory Veto executive-veto
• 2003-10-23 Placed on Calendar Amendatory Veto November 4, 2003
• 2003-10-28 Amendatory Veto Motion - Motion Filed Accept Amendatory Veto Rep. Joseph M. Lyons
• 2003-10-28 Amendatory Veto Motion - Motion Referred to Rules Committee referral-committee
• 2003-11-04 Amendatory Veto Motion - Accept Motion Recommends Be Adopted Rules Committee; 005-000-000 committee-passage-favorable
• 2003-11-04 Accept Amendatory Veto - House Passed 086-029-002
• 2003-11-06 Placed on Calendar Amendatory Veto November 18, 2003
• 2003-11-06 Amendatory Veto Motion - Motion Filed Accept Amendatory Veto Sen. Kimberly A. Lightford
• 2003-11-06 Amendatory Veto Motion - Motion Referred to Rules referral-committee
• 2003-11-18 Amendatory Veto Motion - Approved for Consideration Rules
• 2003-11-19 Accept Amendatory Veto - Senate Passed 056-000-001
• 2003-11-19 Both Houses Accepted Amendatory Veto
• 2003-12-18 Returned to Governor for Certification
• 2003-12-31 Governor Certifies Changes
• 2003-12-31 Effective Date December 31, 2003
• 2003-12-31 Public Act . . . . . . . . . 93-0640 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/8cbe7644-9553-4b65-b267-ef6b566ac8a5. Confidence: reported (aggregated from official Illinois legislature records).