S. 522In Committee
Credit Union Board Modernization Act
Revises credit union board meeting requirements by keeping monthly meetings for new or low-rated credit unions and allowing other credit unions to meet at least six times a year with quarterly meetings
Plain-English overview
What this bill does
Revises credit union board meeting requirements by keeping monthly meetings for new or low-rated credit unions and allowing other credit unions to meet at least six times a year with quarterly meetings
Key points
- Amend board meeting frequency
- Require monthly meetings for new credit unions
- Require quarterly meetings for other credit unions
Current status
Where it stands
Status
In Committee
Latest action
2025-02-11 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related context
Topics and policy areas
undefinedFinance and Financial Sector