Bill
HB 5781
Financial institutions: credit unions; insurance from a qualified private insurance organization; allow for foreign credit unions. Amends sec. 501 of 2003 PA 215 (MCL 490.501). TIE BAR WITH: HB 5779'26, HB 5780'26, HB 5782'26, HB 5783'26
2025-2026 Regular Session
Introduced by Brian BeGole and 6 co-sponsors
Allows non-federal foreign credit unions to operate in Michigan only with state approval and strict conditions to protect consumers and ensure oversight.
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION