Financial institutions: credit unions; requirements for use of assumed names by credit unions; modify. Amends sec. 304 of 2003 PA 215 (MCL 490.304).

This bill modifies Michigan's Credit Union Act to update how credit unions must notify state officials about changes to their names and locations. It requires credit unions to give at least 30 days' written notice before adopting a new assumed name and mandates clear disclosure of both the official and assumed names on all marketing materials and financial documents. Additionally, the legislation clarifies that state directors have the authority to deny or revoke the right to use an assumed name if it is found to be confusing or misleading. These provisions directly affect domestic credit unions operating within the state by standardizing their reporting and branding requirements.