Illinois HB2785 amends the Illinois Credit Union Act to allow credit unions to disclose financial records under certain conditions, including to law.
Illinois HB2785 amends the Illinois Credit Union Act to allow credit unions to disclose financial records of members under specific conditions. These conditions include disclosures to law enforcement authorities, state agencies, and to prevent financial exploitation of elderly or disabled members. The bill also modifies the requirements for mergers and consolidations of credit unions, allowing for certain waivers if supervisory concerns exist.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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