2026 House Bill 5781

Financial institutions: credit unions; insurance from a qualified private insurance organization; allow for foreign credit unions.

A bill to amend 2003 PA 215, entitled “Credit union act,” by amending section 501 (MCL 490.501).

Introduced in the House

Introduced by Rep. Bill Schuette (R-95) and six co-sponsors

Referred to the Committee on Insurance

Reported without amendment

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