Credit Union Governance Modernization Act of 2021
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Credit Union Governance Modernization Act of 2021
This bill revises the procedure for expelling members from a federal credit union. Specifically, a member may be expelled for cause pursuant to a policy adopted by a majority vote of a quorum of the directors of a credit union. Currently, a member may be expelled by a two-thirds vote of the credit union membership present at a special meeting.
The member may request a hearing from the board of directors. After the hearing, the board shall hold a vote on expelling the member.
The expelled member may request reinstatement through a two-thirds vote of the members present at a meeting.
Member conduct that may be cause for expulsion includes
- a material loss to the credit union,
- a violation of the credit union membership agreement,
- a substantial disruption to the operations of a credit union,
- fraud or attempted fraud, and
- other illegal or inappropriate behavior.
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 2311: Credit Union Governance Modernization Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2311/
"H.R. 2311: Credit Union Governance Modernization Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2311/.
H.R. 2311, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2311/.
[H.R. 2311: Credit Union Governance Modernization Act of 2021](https://openamerica.io/bill/117-HR-2311/)