United StatesCredit Union Board Modernization Act
What it does
This bill revises the required frequency of meetings held by a credit union's board of directors. Specifically, new credit unions and credit unions with a low soundness rating must meet monthly. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter.
More detail
Currently, all credit union boards must meet at least once a month.
Where do you stand?
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 11Introduced in SenateLatest
- Feb 11Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Introduced