Bill
HB 5780
Financial institutions: credit unions; insurance from a qualified private insurance organization; allow for domestic credit unions during certain conversions. Amends sec. 373 of 2003 PA 215 (MCL 490.373). TIE BAR WITH: HB 5779'26, HB 5781'26, HB 5782'26, HB 5783'26
2025-2026 Regular Session
Introduced by Brian BeGole and 5 co-sponsors
Allows domestic credit unions to convert to a mutual savings bank/association with detailed member notices, 2/3 board vote, 2/3 member vote, and insured deposits.
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION