IL HB2514

Changes the title of "Commissioner" to "Secretary" throughout the Illinois Banking Act, Savings Bank Act, and Illinois Credit Union Act

Allows the Secretary to share confidential supervisory information with Federal Home Loan Banks for member institutions and their applications, with information remaining the Secretary's property and subject to confidentiality restrictions

Permits banks and savings banks to disclose confidential supervisory information to Federal Home Loan Banks of which they are members

Adds Federal Home Loan Banks to the list of entities with legitimate regulatory interest that may receive confidential supervisory information from credit unions

Applies effective upon becoming law