2026 House Bill 5782

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

A bill to amend 2003 PA 215, entitled “Credit union act,” by amending section 387 (MCL 490.387).

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. Sarah Lightner (R-45) and six co-sponsors

Co-sponsored by Reps. Mike Harris (R-52), Jason Woolford (R-50), Mike McFall (D-14), Jay DeBoyer (R-63), Matt Bierlein (R-97) and Brian BeGole (R-71)

Referred to the Committee on Insurance

May 20, 2026

Reported with substitute H-1

June 16, 2026

Substitute H-1 concurred in by voice vote

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