Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 19 of 2024
House: Adjourned until Tuesday, March 19, 2024 1:30:00 PM
Senate: Adjourned until Tuesday, March 19, 2024 10:00:00 AM


Michigan Legislature

Main Content

Act 215 of 2003
Search within this Statute for


CREDIT UNION ACT

Act 215 of 2003

AN ACT to provide for the organization, operation, regulation, and supervision of credit unions; to prescribe the powers and duties of credit unions; to prescribe the powers and duties of certain state agencies and officials; to create the credit union regulatory fund; to prescribe penalties, civil sanctions, and remedies; and to repeal acts and parts of acts.


History: 2003, Act 215, Eff. June 1, 2004 ;-- Am. 2016, Act 152, Eff. Sept. 7, 2016




The People of the State of Michigan enact:

DocumentTypeDescription
215-2003-1DivisionARTICLE 1 GENERAL PROVISIONS (490.101...490.105)
215-2003-2DivisionARTICLE 2 SUPERVISION BY COMMISSIONER (490.201...490.251)
215-2003-3DivisionARTICLE 3 DOMESTIC CREDIT UNION ORGANIZATION AND STRUCTURE (490.301...490.387)
215-2003-4DivisionARTICLE 4 DOMESTIC CREDIT UNION POWERS (490.401...490.432)
215-2003-5DivisionARTICLE 5 FOREIGN CREDIT UNIONS (490.501...490.502)
215-2003-6DivisionARTICLE 6 REPEAL OF PREDECESSOR ACT (490.601...490.601)
up icon