Financial institutions: credit unions; notice requirements for certain closures by credit unions; modify. Amends sec. 221 of 2003 PA 215 (MCL 490.221).
Key claim: SB1029 proposes to modify the notice requirements that credit unions must provide before closing certain branches or operations under Michigan’s Credit Union Act.
Abstract
(SB1029 · 103rd Legislature) Financial institutions: credit unions; notice requirements for certain closures by credit unions; modify. Amends sec. 221 of 2003 PA 215 (MCL 490.221). Latest action (2026-06-10): Referred To Committee On Finance, Insurance, And Consumer Protection
Why this matters
SB1029 proposes to modify the notice requirements that credit unions must provide before closing certain branches or operations under Michigan’s Credit Union Act.