Fabio
6.7 KiB
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 | ||||
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| Bill | CREDIT UNIONS-POWERS | Amends the Illinois Credit Union Act. Authorizes a credit union to: (i) make reasonable contributions to certain civic, charitable, religious, or service organizations and to fundraisers to benefit persons in the credit union's service area and (ii) to act as a trustee or custodian under health savings accounts and similar tax-advantaged plans established under the federal Internal Revenue Code. Provides that loan applications shall be made in the manner prescribed by the Credit Committee, credit manager, or loan officer (now, the applications are made in writing upon a prescribed form) and may be evidenced by an electronically stored or generated record. Provides that the signature on a loan application includes any symbol executed or adopted, or any security procedure employed or adopted, using electronic means or otherwise, by or on behalf of a person with intent to authenticate a record. Prohibits any individual, firm, association, or body politic and corporate, including, without limitation, any corporation, limited liability company, general partnership, limited partnership, or joint venture that is not an authorized user from using any name or title that contains the words "credit union" or any abbreviation thereof. Authorizes the Director of the Division of Financial Institutions of the Department of Financial and Professional Regulation to impose a penalty of up to $10,000 for each violation. Effective immediately. | us/states/il | Illinois General Assembly | 94th | SB 173 | Illinois SB 173 (94th) |
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enacted | 3 | 29 | 2 | 2005-02-02 | 2005-07-08 | openstates | ocd-bill/7d2b7563-6534-4f77-860e-f8ed3d8e7056 | http://ilga.gov/legislation/BillStatus.asp?DocNum=173&GAID=8&DocTypeID=SB&LegId=15299&SessionID=50&GA=94 | 0e0ec40ce1eb85c65ef61100dbd70b9bd5657a75c283be15f853ef6d792c1fcd | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Illinois SB 173 (94th) — CREDIT UNIONS-POWERS
Amends the Illinois Credit Union Act. Authorizes a credit union to: (i) make reasonable contributions to certain civic, charitable, religious, or service organizations and to fundraisers to benefit persons in the credit union's service area and (ii) to act as a trustee or custodian under health savings accounts and similar tax-advantaged plans established under the federal Internal Revenue Code. Provides that loan applications shall be made in the manner prescribed by the Credit Committee, credit manager, or loan officer (now, the applications are made in writing upon a prescribed form) and may be evidenced by an electronically stored or generated record. Provides that the signature on a loan application includes any symbol executed or adopted, or any security procedure employed or adopted, using electronic means or otherwise, by or on behalf of a person with intent to authenticate a record. Prohibits any individual, firm, association, or body politic and corporate, including, without limitation, any corporation, limited liability company, general partnership, limited partnership, or joint venture that is not an authorized user from using any name or title that contains the words "credit union" or any abbreviation thereof. Authorizes the Director of the Division of Financial Institutions of the Department of Financial and Professional Regulation to impose a penalty of up to $10,000 for each violation. Effective immediately.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Votes
- Third Reading — 114–0 (pass) · lower
- Third Reading — 56–0 (pass) · upper
Sponsors
- Mike Boland — cosponsor (person)
- Terry Link — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2005-02-02 Filed with Secretary by Sen. Terry Link
filing - 2005-02-02 First Reading
reading-1 - 2005-02-02 Referred to Rules
referral-committee - 2005-02-03 Assigned to Financial Institutions
referral-committee - 2005-02-24 Do Pass Financial Institutions; 006-000-000
committee-passage - 2005-02-24 Placed on Calendar Order of 2nd Reading March 1, 2005
- 2005-03-01 Second Reading
reading-2 - 2005-03-01 Placed on Calendar Order of 3rd Reading March 2, 2005
- 2005-03-08 Third Reading - Passed; 056-000-000
reading-3, passage - 2005-03-08 Arrived in House
introduction - 2005-03-08 Placed on Calendar Order of First Reading
reading-1 - 2005-03-10 Chief House Sponsor Rep. Angelo Saviano
- 2005-03-15 Added Alternate Chief Co-Sponsor Rep. Joseph M. Lyons
- 2005-03-15 First Reading
reading-1 - 2005-03-15 Referred to Rules Committee
referral-committee - 2005-04-05 Assigned to Financial Institutions Committee
referral-committee - 2005-04-11 Added Alternate Chief Co-Sponsor Rep. Thomas Holbrook
- 2005-04-26 Do Pass / Short Debate Financial Institutions Committee; 026-000-000
committee-passage - 2005-04-27 Placed on Calendar 2nd Reading - Short Debate
- 2005-04-27 Added Alternate Co-Sponsor Rep. Mike Boland
- 2005-04-28 Second Reading - Short Debate
reading-2 - 2005-04-28 Placed on Calendar Order of 3rd Reading - Short Debate
- 2005-05-04 Added Alternate Chief Co-Sponsor Rep. Kurt M. Granberg
- 2005-05-05 Third Reading - Short Debate - Passed 114-000-001
reading-3, passage - 2005-05-05 Passed Both Houses
- 2005-06-03 Sent to the Governor
executive-receipt - 2005-07-08 Governor Approved
executive-signature - 2005-07-08 Effective Date July 8, 2005
- 2005-07-08 Public Act . . . . . . . . . 94-0150
became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/7d2b7563-6534-4f77-860e-f8ed3d8e7056. Confidence: reported (aggregated from official Illinois legislature records).