Fabio
115 lines
8.0 KiB
Markdown
115 lines
8.0 KiB
Markdown
---
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type: "Bill"
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title: "FINANCE-CREDIT UNION/VARIOUS"
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description: "Amends the Illinois Credit Union Act. Provides that societies, associations, clubs, partnerships, corporations, and limited liability companies in which one or more (rather than the majority) of the members, partners, or shareholders are individuals who are eligible for credit union membership may be admitted to membership in a credit union in the same manner and under the same conditions as individuals. Provides that the board of directors may appoint an individual as a registered agent for the credit union. Provides that any process, notice, or demand required or permitted by law to be served upon the credit union may be served upon the registered agent appointed by the credit union. Sets forth requirements for identification, change of registration, and resignation of registered agents for a credit union. Provides that compliance review documents and the deliberations of the board of directors are privileged and confidential and are not subject to discovery or admissible in evidence in any civil action. Provides that loan limits shall not be subject to reduction by rules (rather than loan limits shall be subject to rules). Makes other changes. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "103rd"
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identifier: "HB 2043"
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citation: "Illinois HB 2043 (103rd)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["David Koehler", "Jay Hoffman"]
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version_count: 5
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action_count: 44
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vote_count: 6
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first_action: "2023-02-01"
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last_action: "2023-07-28"
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source: "openstates"
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source_identifier: "ocd-bill/e0b9d489-3a8f-4685-adba-b79f94cf5925"
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source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=2043&GAID=17&DocTypeID=HB&LegId=145090&SessionID=112"
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source_hash: "3844d1050fedbde3f5d87dd4aa1340aa2086b713c47f406b01d985a5ce5010fb"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois HB 2043 (103rd) — FINANCE-CREDIT UNION/VARIOUS
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Amends the Illinois Credit Union Act. Provides that societies, associations, clubs, partnerships, corporations, and limited liability companies in which one or more (rather than the majority) of the members, partners, or shareholders are individuals who are eligible for credit union membership may be admitted to membership in a credit union in the same manner and under the same conditions as individuals. Provides that the board of directors may appoint an individual as a registered agent for the credit union. Provides that any process, notice, or demand required or permitted by law to be served upon the credit union may be served upon the registered agent appointed by the credit union. Sets forth requirements for identification, change of registration, and resignation of registered agents for a credit union. Provides that compliance review documents and the deliberations of the board of directors are privileged and confidential and are not subject to discovery or admissible in evidence in any civil action. Provides that loan limits shall not be subject to reduction by rules (rather than loan limits shall be subject to rules). Makes other changes. Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB2043.pdf)
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2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB2043eng.pdf)
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3. **House Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB2043ham001.pdf)
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4. **Senate Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB2043sam001.pdf)
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5. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB2043enr.pdf)
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## Votes
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- Financial Institutions & Licensing — **12–0** (pass) · lower
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- Financial Institutions — **8–0** (pass) · lower
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- Concurrence — **112–1** (pass) · lower
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- Third Reading — **108–0** (pass) · lower
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- Financial Institutions — **8–0** (pass) · lower
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- Third Reading — **56–0** (pass) · lower
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## Sponsors
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- David Koehler — primary (person)
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- Jay Hoffman — primary (person)
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- Camille Y. Lilly — cosponsor (person)
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- Erica Harriss — cosponsor (person)
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- Sally J. Turner — cosponsor (person)
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- Terri Bryant — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-02-01** Filed with the Clerk by Rep. Jay Hoffman `filing`
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- **2023-02-07** First Reading `reading-1`
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- **2023-02-07** Referred to Rules Committee
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- **2023-02-15** Assigned to Financial Institutions and Licensing Committee `referral-committee`
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- **2023-03-03** House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman `amendment-introduction`
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- **2023-03-03** House Committee Amendment No. 1 Referred to Rules Committee
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- **2023-03-07** House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
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- **2023-03-07** House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote `amendment-passage`
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- **2023-03-07** Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 012-000-000
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- **2023-03-08** Placed on Calendar 2nd Reading - Short Debate `reading-2`
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- **2023-03-22** Second Reading - Short Debate `reading-2`
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- **2023-03-22** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2023-03-23** Third Reading - Short Debate - Passed 108-000-000 `passage, reading-3`
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- **2023-03-23** Added Chief Co-Sponsor Rep. Camille Y. Lilly
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- **2023-03-27** Arrive in Senate `introduction`
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- **2023-03-27** Placed on Calendar Order of First Reading `reading-1`
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- **2023-03-27** Chief Senate Sponsor Sen. David Koehler
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- **2023-03-27** First Reading `reading-1`
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- **2023-03-27** Referred to Assignments
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- **2023-04-18** Assigned to Financial Institutions `referral-committee`
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- **2023-04-18** Senate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler `amendment-introduction`
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- **2023-04-18** Senate Committee Amendment No. 1 Referred to Assignments
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- **2023-04-25** Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
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- **2023-04-25** Senate Committee Amendment No. 1 Adopted; Financial Institutions `amendment-passage`
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- **2023-04-26** Do Pass as Amended Financial Institutions; 008-000-000
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- **2023-04-26** Placed on Calendar Order of 2nd Reading April 27, 2023 `reading-2`
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- **2023-04-27** Second Reading `reading-2`
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- **2023-04-27** Placed on Calendar Order of 3rd Reading May 2, 2023
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- **2023-05-10** Third Reading - Passed; 056-000-000 `passage, reading-3`
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- **2023-05-10** Added as Alternate Co-Sponsor Sen. Erica Harriss
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- **2023-05-10** Added as Alternate Co-Sponsor Sen. Terri Bryant
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- **2023-05-10** Added as Alternate Co-Sponsor Sen. Sally J. Turner
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- **2023-05-10** Arrived in House `introduction`
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- **2023-05-10** Placed on Calendar Order of Concurrence Senate Amendment(s) 1
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- **2023-05-10** Senate Committee Amendment No. 1 Motion Filed Concur Rep. Jay Hoffman
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- **2023-05-10** Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
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- **2023-05-15** Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 005-000-000
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- **2023-05-18** Senate Committee Amendment No. 1 House Concurs 112-001-000
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- **2023-05-18** House Concurs
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- **2023-05-18** Passed Both Houses
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- **2023-06-16** Sent to the Governor `executive-receipt`
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- **2023-07-28** Governor Approved `executive-signature`
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- **2023-07-28** Effective Date July 28, 2023
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- **2023-07-28** Public Act . . . . . . . . . 103-0289 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e0b9d489-3a8f-4685-adba-b79f94cf5925`. Confidence: reported (aggregated from official Illinois legislature records).
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