IL SB3113

Allows credit unions' registered agent business offices to be located separately from the credit union's principal place of business, removing the previous requirement that they be at the same location

Establishes formal procedures for preparing and approving board meeting minutes, requiring the secretary or recording secretary to sign for authentication and mandating board approval by majority vote for minutes to become final and binding

Adds new disclosure and due diligence requirements for credit unions offering digital asset services or contracting with digital asset service providers

Authorizes credit unions to sell debt cancellation services and products to their members under new Section 57.5

Expands permissible investments for credit union funds not used in loans to include commercial mortgage-related securities and collateralized mortgage obligations for asset, liability, and liquidity management