HR. 975In Committee
Credit Union Board Modernization Act
Reduces how often certain credit union boards must meet while keeping monthly meetings for new and low-rated credit unions
Plain-English overview
What this bill does
Reduces how often certain credit union boards must meet while keeping monthly meetings for new and low-rated credit unions
Key points
- Require monthly meetings for new credit unions
- Require monthly meetings for low rated credit unions
- Reduce board meeting frequency
Current status
Where it stands
Status
In Committee
Latest action
2025-02-11 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related context
Topics and policy areas
undefinedAdministrative remediesBanking and financial institutions regulationCorporate finance and managementFinance and Financial SectorNational Credit Union Administration