SB1994

CREDIT UNIONS-VARIOUS

Complete·8/15/25

Illinois SB1994 amends the Illinois Credit Union Act to allow credit unions to provide financial records to certain entities and under specific.

Illinois SB1994 modifies the Illinois Credit Union Act to allow credit unions to furnish financial records to law enforcement authorities, state agencies, and other entities under specific conditions. This includes providing records to the Illinois Department on Aging and its regional administrative and provider agencies, the Department of Human Services Office of Inspector General, or public guardians upon subpoena or suspicion of financial exploitation of elderly or disabled members.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Sponsors

DDD
3
1
R
Democratic CaucusRepublican Caucus

Roll Call Votes

57 Yea

DRDRRDRDRRRDRDDDDRDRDRRDDDDDRDDDDDDDDDDRDDDDDDDRDRRDRDRDD

0 Nay

2 Not Voting

DD

Calendar

May 29, 2025

7:30 PM

Executive Committee Hearing

May 20, 2025

4:00 PM

Financial Institutions and Licensing Committee Hearing

History

Aug 15, 2025

Senate

Governor Approved

Aug 15, 2025

Senate

Effective Date January 1, 2026

Aug 15, 2025

Senate

Public Act . . . . . . . . . 104-0403