2026 Senate Bill 1028

Financial institutions: credit unions; minimum voting age of members; allow credit unions to set.

A bill to amend 2003 PA 215, entitled “Credit union act,” by amending section 351 (MCL 490.351).

AI Analysis – Experimental

Senate Bills 1026-1030 propose targeted updates to the Michigan Credit Union Act to streamline regulatory processes, increase operational flexibility, and enhance member participation, without imposing new fiscal burdens.

Introduced in the Senate

June 10, 2026

Introduced by Sen. Paul Wojno (D-10) and five co-sponsors

Co-sponsored by Sens. Veronica Klinefelt (D-11), Joseph Bellino (R-16), Mary Cavanagh (D-6), Stephanie Chang (D-3) and Ruth Johnson (R-24)

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