Fabio
107 lines
6.6 KiB
Markdown
107 lines
6.6 KiB
Markdown
---
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type: "Bill"
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title: "CREDIT UNIONS BOARD POWERS"
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description: "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."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "93rd"
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identifier: "HB 1516"
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citation: "Illinois HB 1516 (93rd)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 4
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action_count: 44
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vote_count: 4
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first_action: "2003-02-06"
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last_action: "2003-12-31"
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source: "openstates"
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source_identifier: "ocd-bill/8cbe7644-9553-4b65-b267-ef6b566ac8a5"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1516&GAID=3&DocTypeID=HB&LegId=2312&SessionID=3&GA=93"
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source_hash: "cfe030fb2cfdd0c4aeceb1f99b47fb5dfa199bb97e6fe691c7fdfc6c924b42c1"
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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 1516 (93rd) — CREDIT UNIONS BOARD POWERS
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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.
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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](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB1516&GA=93&SessionId=3&DocTypeId=HB&LegID=2312&DocNum=1516&GAID=3&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB1516eng&GA=93&SessionId=3&DocTypeId=HB&LegID=2312&DocNum=1516&GAID=3&Session=&print=true)
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3. **Re-Enrolled** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB1516ren&GA=93&SessionId=3&DocTypeId=HB&LegID=2312&DocNum=1516&GAID=3&Session=&print=true)
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4. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB1516enr&GA=93&SessionId=3&DocTypeId=HB&LegID=2312&DocNum=1516&GAID=3&Session=&print=true)
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## Votes
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- Third Reading — **56–0** (pass) · upper
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- Motion — **86–29** (fail) · lower
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- Third Reading — **113–0** (pass) · lower
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- Motion — **56–0** (pass) · upper
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## Sponsors
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- Joseph M. Lyons — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2003-02-06** Filed with the Clerk by Rep. Joseph M. Lyons `filing`
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- **2003-02-06** Chief Co-Sponsor Rep. Bill Mitchell
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- **2003-02-06** First Reading `reading-1`
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- **2003-02-06** Referred to Rules Committee `referral-committee`
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- **2003-02-11** Assigned to Financial Institutions Committee `referral-committee`
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- **2003-03-05** House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee `amendment-introduction`
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- **2003-03-05** House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote `amendment-passage`
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- **2003-03-05** Do Pass as Amended / Short Debate Financial Institutions Committee; 013-000-000 `committee-passage`
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- **2003-03-05** Placed on Calendar 2nd Reading - Short Debate
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- **2003-03-05** Added Chief Co-Sponsor Rep. Thomas Holbrook
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- **2003-03-18** Second Reading - Short Debate `reading-2`
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- **2003-03-18** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2003-03-19** Third Reading - Short Debate - Passed 113-000-001 `reading-3, passage`
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- **2003-03-19** Arrive in Senate `introduction`
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- **2003-03-19** Placed on Calendar Order of First Reading March 20, 2003 `reading-1`
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- **2003-03-19** Chief Senate Sponsor Sen. Kimberly A. Lightford
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- **2003-03-20** First Reading `reading-1`
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- **2003-03-20** Referred to Rules `referral-committee`
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- **2003-04-03** Assigned to Financial Institutions `referral-committee`
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- **2003-04-10** Postponed - Financial Institutions
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- **2003-05-01** Do Pass Financial Institutions; 009-000-000 `committee-passage`
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- **2003-05-01** Placed on Calendar Order of 2nd Reading May 6, 2003
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- **2003-05-08** Second Reading `reading-2`
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- **2003-05-08** Placed on Calendar Order of 3rd Reading May 9, 2003
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- **2003-05-08** Added as Alternate Chief Co-Sponsor Sen. Mattie Hunter
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- **2003-05-09** Third Reading - Passed; 056-000-000 `reading-3, passage`
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- **2003-05-09** Passed Both Houses
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- **2003-05-23** Sent to the Governor `executive-receipt`
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- **2003-07-17** Governor Amendatory Veto `executive-veto`
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- **2003-10-23** Placed on Calendar Amendatory Veto November 4, 2003
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- **2003-10-28** Amendatory Veto Motion - Motion Filed Accept Amendatory Veto Rep. Joseph M. Lyons
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- **2003-10-28** Amendatory Veto Motion - Motion Referred to Rules Committee `referral-committee`
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- **2003-11-04** Amendatory Veto Motion - Accept Motion Recommends Be Adopted Rules Committee; 005-000-000 `committee-passage-favorable`
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- **2003-11-04** Accept Amendatory Veto - House Passed 086-029-002
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- **2003-11-06** Placed on Calendar Amendatory Veto November 18, 2003
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- **2003-11-06** Amendatory Veto Motion - Motion Filed Accept Amendatory Veto Sen. Kimberly A. Lightford
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- **2003-11-06** Amendatory Veto Motion - Motion Referred to Rules `referral-committee`
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- **2003-11-18** Amendatory Veto Motion - Approved for Consideration Rules
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- **2003-11-19** Accept Amendatory Veto - Senate Passed 056-000-001
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- **2003-11-19** Both Houses Accepted Amendatory Veto
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- **2003-12-18** Returned to Governor for Certification
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- **2003-12-31** Governor Certifies Changes
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- **2003-12-31** Effective Date December 31, 2003
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- **2003-12-31** Public Act . . . . . . . . . 93-0640 `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/8cbe7644-9553-4b65-b267-ef6b566ac8a5`. Confidence: reported (aggregated from official Illinois legislature records).
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