Educating more than 50 state legislators on the credit union difference is part of a strong advocacy program for the Illinois Credit Union League (ICUL).
“The Illinois Credit Union League advocates tirelessly on behalf of Illinois credit union member-owners,” said ICUL President/CEO Tom Kane in the Daily Herald Business Ledger. “Maintaining a favorable legislative environment through our ongoing advocacy efforts is the key to our future success.”
The inauguration of Governor J.B. Pritzker and a new Democratic supermajority created a new dynamic for passing policy in Illinois. ICUL’s advocacy team met with more than 50 new legislators to educate them on how credit unions positively affect the lives of 3.5 million Illinois constituents.
Since then, the state has filed more than 6,000 bills, including HB 2856, advocated for by ICUL, which mandates the implementation of an electronic lien and title system for motor vehicles. The passage of the bill not only benefits consumers and financial institutions, but also modernizes Illinois’ state vehicle system. The League also supported SB 1332, which directs residents to certified financial products and services at credit unions.
“ICUL recognizes that the financial health of Illinois residents is critical to a strong economy and so we look for positive ways to modify legislation that would enable credit unions as a strong alternative financial service provider in Illinois,” explained Kane.