# Illinois SB3113: CREDIT UNIONS-VARIOUS

Illinois SB3113, CREDIT UNIONS-VARIOUS, is a 104th General Assembly (2025–2026) Senate bill sponsored by David Koehler (Democratic); status signed, last action 2026-07-10 (Public Act . . . . . . . . . 104-0567) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB3113-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB3113
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: CREDIT UNIONS-VARIOUS
- Status: signed
- Chamber: Senate
- Introduced: 2026-02-02
- Last action: 2026-07-10, Public Act . . . . . . . . . 104-0567
- Sponsor: David Koehler (Democratic)
- Cosponsors: 1
- Subjects: assignments, financial institutions, executive
- Touches household money: no
- Roll calls: 8 (272 yes, 13 no in all)
- Economic provisions PRIA read: 5

## Summary

Amends the Illinois Credit Union Act. Provides that the business office for a credit union's registered agent may, but is not required to, be (instead of shall be) the same as the principal place of business of the credit union. In provisions concerning meetings of directors, sets forth provisions concerning the preparation and approval of meeting minutes. Adds provisions concerning disclosure and due diligence requirements for credit unions when providing digital asset services or contracting with a covered person or digital asset service provider and provisions concerning sales of debt cancellation services and products by a credit union to its members. In provisions concerning the investment of funds not used in loans, provides that the funds may be invested in commercial mortgage related securities and collateralized mortgage obligations to aid in the credit union's management of its assets, liabilities, and liquidity. Effective immediately.

## Bill overview: provisions PRIA read

- Oil and gas rules protect land and water: benefit, low. The law defines fresh water under oil and gas rules as natural water useful for specified purposes, able to support aquatic life, and containing less than 10,000 parts per million of dissolved solids. It also treats permitting unnecessary damage to land, soil, animals, fish, aquatic life, or proper…
- Oil rights holders can name an owner: benefit, low. People who share the rights to drill for and produce oil or gas can name the owner in a written operating agreement or similar agreement. Without one, a majority of the rights holders can name the owner in writing. Other sections of the Oil and Gas Act still apply.
- Oil operators face bonding and permit costs: cost, medium. Certain permit applicants must provide financial security before drilling, deepening, converting, or operating covered wells. This applies to applicants without a prior permit of record or permittees who failed to pay required assessments in the past five years. Security is $10,000 for one well, $2…
- Higher penalties for oil and gas violations: mixed, medium. Maximum daily penalties depend on how long a violation lasts: $1,000 for 90 days or less, $2,000 for more than 90 but less than 180 days, and $4,000 for 180 days or more. Each falsification or misstatement can bring a penalty of up to $5,000. The Department must notify a permittee before assessing…
- Oil well fees support landowner grants: mixed, low. Operators pay $100 each year for every well in temporary-abandonment status. Half of those fees deposited into the Plugging and Restoration Fund must support the Landowner Grant Program. The Department cannot take administrative charges or chargebacks from deposits to that fund or the Underground R…

## Sponsors and cosponsors

- Sponsor: David Koehler (Democratic), Senate
- Cosponsor: Jay Hoffman (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-05-31 | Senate | House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; | pass | 12 | 0 |   |
| 2026-05-31 | Senate | House Floor Amendment No. 2 Senate Concurs | pass | 50 | 6 |   |
| 2026-05-31 | House | Third Reading - Short Debate - Passed | pass | 112 | 2 |   |
| 2026-05-29 | House | House Floor Amendment No. 2 Recommends Be Adopted Energy & Environment Committee; | pass | 23 | 2 |   |
| 2026-05-13 | House | Do Pass / Short Debate Executive Committee; | pass | 8 | 3 |   |
| 2026-04-15 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; | pass | 6 | 0 |   |
| 2026-04-15 | Senate | Third Reading - Passed; | pass | 55 | 0 |   |
| 2026-03-11 | Senate | Do Pass as Amended Financial Institutions; | pass | 6 | 0 |   |

## Bill text

- Engrossed: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113eng.pdf)
- Enrolled: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113enr.pdf)
- House Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113ham001.pdf)
- House Amendment 2: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113ham002.pdf)
- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113.pdf)
- Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113sam001.pdf)
- Senate Amendment 2: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113sam002.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Engrossed (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113eng.pdf)
- [Enrolled (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113enr.pdf)
- [House Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113ham001.pdf)
- [House Amendment 2 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113ham002.pdf)
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113.pdf)
- [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113sam001.pdf)
- [Senate Amendment 2 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3113sam002.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
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Source: PRIA, https://policyrisk.com/state-bill/IL-SB3113-2025-2026 (as of 2026-11-01).