Financial institutions: credit unions; minimum voting age of members; allow credit unions to set. Amends sec. 351 of 2003 PA 215 (MCL 490.351).

This bill allows Michigan credit unions to set their own minimum voting age for members, provided the age is 18 or younger. Currently, the law requires that any member with at least one share has one vote, but this legislation gives credit unions the flexibility to establish a lower voting age in their bylaws. The change directly affects domestic credit unions and their members by permitting these financial institutions to define eligibility for voting on internal matters. It does not alter the requirement that voting must occur at meetings and that members cannot vote by proxy.