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Credit Union Board Modernization Act 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. Currently, all credit union boards must meet at least once a month.
Introduced
Feb 11, 2025
Last Action
Feb 11, 2025
Session
119th Congress
Sponsors
1 primary · 57 co
Passage Probability
2% — Very Low
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
2%
Estimate based on legislative signals
See what factors are driving this score — cosponsor support, bipartisan backing, committee progress, and more.
Upgrade to ProRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.