2026 House Bill 5779

Financial institutions: credit unions; commitment for insurance from a qualified private insurance organization; allow for domestic credit unions in certain filings.

A bill to amend 2003 PA 215, entitled “Credit union act,” by amending section 301 (MCL 490.301), as amended by 2004 PA 471.

Official record

AI Analysis – Experimental

House Bills 5779-83 updates the Michigan Credit Union Act to clarify and streamline the process for organizing domestic credit unions, shifting oversight to the director, specifying application requirements and timelines,.

Introduced in the House

April 14, 2026

Introduced by Rep. Mike Harris (R-52) and five co-sponsors

Co-sponsored by Reps. Jay DeBoyer (R-63), Jason Woolford (R-50), Mike McFall (D-14), Matt Bierlein (R-97) and Brian BeGole (R-71)

Referred to the Committee on Insurance

May 20, 2026

Reported without amendment

June 17, 2026

Passed in the House 107 to 0 (details)

Motion to give immediate effect by Rep. Bryan Posthumus (R-90)

The motion prevailed by voice vote

Received in the Senate

June 23, 2026

Referred to the Committee on Finance, Insurance, and Consumer Protection