CREDIT UNION-CIVIL UNION Senate SponsorsSen. David Koehler-Mattie Hunter House Sponsors(Rep. Joseph M. Lyons, Lou Lang and Bill Mitchell) 7/27/2012SenatePublic Act . . . . . . . . . 97-0855 205 ILCS 305/1.1from Ch. 17, par. 4402205 ILCS 305/15from Ch. 17, par. 4416205 ILCS 305/20from Ch. 17, par. 4421205 ILCS 305/64.5 newAmends the Illinois Credit Union Act. Changes the definition of "common bond" to include relatives by civil union. Provides that if a member fails to maintain one fully paid share, the credit union may permit the member to re-subscribe within 30 days after the member failed to maintain one fully paid share. Provides that, if the board of directors of a credit union has adopted a policy addressing age eligibility standards, then the credit union may require that members be at least 18 years of age by the date of the meeting in order to vote at meetings, sign nominating petitions, or sign petitions requesting special meetings and at least 18 years of age by the date of the election or appointment in order to hold elective or appointive office. Provides that a resulting credit union shall be considered the same business and corporate entity as each merging or consolidating credit union or as the converting credit union. Defines "resulting credit union". Effective immediately.Senate Committee Amendment No. 2 Deletes reference to:205 ILCS 305/1.1from Ch. 17, par. 4402Deletes language changing the definition of "common bond" to include relatives by civil union. Deletes language defining "household". 2/1/2012SenateFiled with Secretary by Sen. David Koehler 2/1/2012SenateFirst Reading 2/1/2012SenateReferred to Assignments 2/7/2012SenateAssigned to Financial Institutions 2/24/2012SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler 2/24/2012SenateSenate Committee Amendment No. 1 Referred to Assignments 2/27/2012SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions 3/1/2012SenateSenate Committee Amendment No. 1 Adopted 3/1/2012SenateHeld in Financial Institutions 3/1/2012SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. David Koehler 3/1/2012SenateSenate Committee Amendment No. 2 Referred to Assignments 3/6/2012SenateSenate Committee Amendment No. 2 Assignments Refers to Financial Institutions 3/8/2012SenateSenate Committee Amendment No. 1 Tabled in Committee on Financial Institutions 3/8/2012SenateSenate Committee Amendment No. 2 Adopted 3/8/2012SenateDo Pass as Amended Financial Institutions; 008-000-000 3/8/2012SenatePlaced on Calendar Order of 2nd Reading March 21, 2012 3/21/2012SenateSecond Reading 3/21/2012SenatePlaced on Calendar Order of 3rd Reading March 22, 2012 3/22/2012SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 3/22/2012SenateThird Reading - Passed; 049-000-000 3/22/2012HouseArrived in House 3/23/2012HouseChief House Sponsor Rep. Joseph M. Lyons 3/23/2012HousePlaced on Calendar Order of First Reading 3/26/2012HouseFirst Reading 3/26/2012HouseReferred to Rules Committee 4/10/2012HouseAssigned to Financial Institutions Committee 4/17/2012HouseAdded Alternate Co-Sponsor Rep. Lou Lang 4/17/2012HouseAdded Alternate Co-Sponsor Rep. Bill Mitchell 4/17/2012HouseDo Pass / Short Debate Financial Institutions Committee; 013-000-000 4/18/2012HousePlaced on Calendar 2nd Reading - Short Debate 4/24/2012HouseSecond Reading - Short Debate 4/24/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/24/2012HouseThird Reading - Short Debate - Passed 117-000-000 5/24/2012SenatePassed Both Houses 6/22/2012SenateSent to the Governor 7/27/2012SenateGovernor Approved 7/27/2012SenateEffective Date July 27, 2012 7/27/2012SenatePublic Act . . . . . . . . . 97-0855