republic-os/legislation/us/states/il/100th/hb-5497.md

---
type: "Bill"
title: "CREDIT UNION-AUDIT/EMAIL"
description: "Amends the Illinois Credit Union Act. Provides that a credit union may furnish the financial records of a member to an appropriate law enforcement authority upon written request from the law enforcement authority explaining a reasonable suspicion of an imminent threat to the personal security and safety of a member exists. Provides that a supervisory committee of a credit union with assets of $10,000,000 or more shall engage a certified public accountant or certified public accounting firm licensed by the Department of Financial and Professional Regulation to perform an annual external independent audit. Provides that a supervisory committee of a credit union with assets of $5,000,000 or more but less than $10,000,000 shall engage a certified public accountant or certified public accounting firm licensed by the Department to perform an annual external independent audit or an agreed-upon procedures report. Provides that the external independent audit report or agreed upon procedures report shall be delivered to the Secretary of Financial and Professional Regulation no later than 120 days after the end of the calendar or fiscal year. Provides that funds not used in loans to the credit union's members may be invested to aid in the credit union's management or in the purchase and assumption of assets held by other financial institutions. Makes other changes. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "100th"
identifier: "HB 5497"
citation: "Illinois HB 5497 (100th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 34
vote_count: 2
first_action: "2018-02-16"
last_action: "2018-08-10"
source: "openstates"
source_identifier: "ocd-bill/a8c18c73-b185-4159-bb0b-d753fef6d922"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=5497&GAID=14&DocTypeID=HB&LegId=111437&SessionID=91&GA=100"
source_hash: "0b5a4daba07f841facc3f2bc80e1265bcc5efcd586423b4e5c6f1615b79b4c3e"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 5497 (100th) — CREDIT UNION-AUDIT/EMAIL

Amends the Illinois Credit Union Act. Provides that a credit union may furnish the financial records of a member to an appropriate law enforcement authority upon written request from the law enforcement authority explaining a reasonable suspicion of an imminent threat to the personal security and safety of a member exists. Provides that a supervisory committee of a credit union with assets of $10,000,000 or more shall engage a certified public accountant or certified public accounting firm licensed by the Department of Financial and Professional Regulation to perform an annual external independent audit. Provides that a supervisory committee of a credit union with assets of $5,000,000 or more but less than $10,000,000 shall engage a certified public accountant or certified public accounting firm licensed by the Department to perform an annual external independent audit or an agreed-upon procedures report. Provides that the external independent audit report or agreed upon procedures report shall be delivered to the Secretary of Financial and Professional Regulation no later than 120 days after the end of the calendar or fiscal year. Provides that funds not used in loans to the credit union's members may be invested to aid in the credit union's management or in the purchase and assumption of assets held by other financial institutions. 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](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB5497&GA=100&SessionId=91&DocTypeId=HB&LegID=111437&DocNum=5497&GAID=14&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB5497eng&GA=100&SessionId=91&DocTypeId=HB&LegID=111437&DocNum=5497&GAID=14&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB5497enr&GA=100&SessionId=91&DocTypeId=HB&LegID=111437&DocNum=5497&GAID=14&Session=&print=true)

## Votes

- Third Reading — **87–24** (pass) · lower
- Third Reading — **47–0** (pass) · upper

## Sponsors

- Mattie Hunter — cosponsor (person)
- Robert Martwick — primary (person)

## Timeline

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

- **2018-02-16** Filed with the Clerk by Rep. Lou Lang `filing`
- **2018-02-16** First Reading `reading-1`
- **2018-02-16** Referred to Rules Committee `referral-committee`
- **2018-02-26** Assigned to Financial Institutions Committee `referral-committee`
- **2018-03-06** Do Pass / Short Debate Financial Institutions Committee; 008-000-000 `committee-passage`
- **2018-03-07** House Floor Amendment No. 1 Filed with Clerk by Rep. Lou Lang `amendment-introduction`
- **2018-03-07** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
- **2018-03-08** Placed on Calendar 2nd Reading - Short Debate
- **2018-03-08** House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000 `committee-passage-favorable`
- **2018-04-18** Chief Sponsor Changed to Rep. Robert Martwick
- **2018-04-20** Second Reading - Short Debate `reading-2`
- **2018-04-20** House Floor Amendment No. 1 Adopted `amendment-passage`
- **2018-04-20** Placed on Calendar Order of 3rd Reading - Short Debate
- **2018-04-23** Added Chief Co-Sponsor Rep. Michael P. McAuliffe
- **2018-04-23** Added Chief Co-Sponsor Rep. Patricia R. Bellock
- **2018-04-23** Third Reading - Short Debate - Passed 087-024-000 `reading-3, passage`
- **2018-04-24** Arrive in Senate `introduction`
- **2018-04-24** Placed on Calendar Order of First Reading `reading-1`
- **2018-04-24** Chief Senate Sponsor Sen. John G. Mulroe
- **2018-04-24** First Reading `reading-1`
- **2018-04-24** Referred to Assignments `referral-committee`
- **2018-05-01** Assigned to Financial Institutions `referral-committee`
- **2018-05-09** Do Pass Financial Institutions; 005-000-000 `committee-passage`
- **2018-05-09** Placed on Calendar Order of 2nd Reading May 10, 2018
- **2018-05-09** Added as Alternate Chief Co-Sponsor Sen. Cristina Castro
- **2018-05-15** Second Reading `reading-2`
- **2018-05-15** Placed on Calendar Order of 3rd Reading May 16, 2018
- **2018-05-21** Added as Alternate Co-Sponsor Sen. Mattie Hunter
- **2018-05-21** Third Reading - Passed; 047-000-000 `reading-3, passage`
- **2018-05-21** Passed Both Houses
- **2018-06-19** Sent to the Governor `executive-receipt`
- **2018-08-10** Governor Approved `executive-signature`
- **2018-08-10** Effective Date August 10, 2018
- **2018-08-10** Public Act . . . . . . . . . 100-0778 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a8c18c73-b185-4159-bb0b-d753fef6d922`. Confidence: reported (aggregated from official Illinois legislature records).