The bill H. 4147 aims to enhance transparency for credit union members in South Carolina by requiring credit unions to publicly disclose all fees and charges that may be assessed against their members. Specifically, it mandates that these fees and charges be posted in a conspicuous location within the credit union's physical premises as well as on its website, app, or any other electronic format used by the institution.

To implement this requirement, the bill introduces a new section, Section 34-26-290, to Article 2, Chapter 26 of the South Carolina Code of Laws. This addition emphasizes the importance of clear communication regarding potential costs to members, thereby promoting informed decision-making and accountability within credit unions. The bill is set to take effect upon receiving approval from the Governor.

Statutes affected:
03/05/2025: 34-26-290
Latest Version: 34-26-290