On Aug. 16, Illinois Gov. Pat Quinn signed into law H.B. 1572, which amends the state’s Credit Union Act to establish a fair and consistent civil penalty assessment process.
Amendment includes conditions that allow for penalty assessment.
Illinois Credit Union League recognized for supporting legislation to protect elderly from financial abuse.
Illinois credit union chooses current COO Tom Lex as successor.
A credit union that shares leadership with the Illinois Credit Union League is issuing a credit card that consumer advocates have condemned as a consumer unfriendly, “fee-harvesting” card.
Cards issued have APRs of 29.99%.
Illinois Credit Union League President/CEO Dan Plauda will be retiring June 30, 2014, after 37 years of service to the credit union movement.
Geraldine Burek of the $54 million South Division Credit Union in Evergreen Park re-elected chair.
The Illinois Credit Union League said it played a central role in advancing new legislation, establishing a fast track or expedited foreclosure process to remedy abandoned residential properties.
New legislation expedites foreclosure process for abandoned residential properties.