S 522 119th Congress Senate Finance and Financial Sector

Credit Union Board Modernization Act

Introduced: March 5, 2025 Introduced by: Hagerty, Bill Republican · Tennessee See on congress.gov

Sign in to write a letter Sign in to watch

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 11, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Feb 11, 2025

Introduced in Senate

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

Plain-English summary Congressional Research Service

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.

What's happening now February 11, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Related & companion bills 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

Lobbying activity 32

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

BROWNSTEIN HYATT FARBER SCHRECK, LLP
for CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICAS CREDIT UNIONS · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
MICHIGAN CREDIT UNION LEAGUE
for MICHIGAN CREDIT UNION LEAGUE · Michigan · 2nd Quarter (Apr 1 - June 30) 2026
GOWEST CREDIT UNION ASSOCIATION
for GOWEST CREDIT UNION ASSOCIATION · Washington · 1st Quarter (Jan 1 - Mar 31) 2026
LEAGUE OF SOUTHEASTERN CREDIT UNIONS
for LEAGUE OF SOUTHEASTERN CREDIT UNIONS · Florida · 1st Quarter (Jan 1 - Mar 31) 2026
CALIFORNIA AND NEVADA CREDIT UNION LEAGUES
for CALIFORNIA AND NEVADA CREDIT UNION LEAGUES · California · 1st Quarter (Jan 1 - Mar 31) 2026
BROWNSTEIN HYATT FARBER SCHRECK, LLP
for CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICAS CREDIT UNIONS · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026

See all 32 filings →

Cosponsors 63

Florida · Apr 20, 2026

Hassan, Margaret Wood

New Hampshire · Mar 25, 2026

Hyde-Smith, Cindy

Mississippi · Mar 17, 2026

Wicker, Roger F.

Mississippi · Mar 5, 2026

Arizona · Mar 4, 2026

Vermont · Mar 4, 2026

Washington · Feb 10, 2026

Arizona · Jan 28, 2026

Luján, Ben Ray

New Mexico · Dec 18, 2025

Georgia · Dec 18, 2025

Florida · Dec 16, 2025

Warnock, Raphael G.

Georgia · Dec 16, 2025

Indiana · Dec 2, 2025

Ohio · Nov 19, 2025

Wisconsin · Nov 4, 2025

Van Hollen, Chris

Maryland · Oct 30, 2025

Montana · Oct 9, 2025

Capito, Shelley Moore

West Virginia · Sep 30, 2025

Blackburn, Marsha

Tennessee · Sep 9, 2025

Slotkin, Elissa

Michigan · Aug 1, 2025

Hickenlooper, John W.

Colorado · Jul 21, 2025

Minnesota · Jul 16, 2025

New Jersey · Jul 15, 2025

Alsobrooks, Angela D.

Maryland · Jul 9, 2025

Ohio · Jun 25, 2025

Schiff, Adam B.

California · Jun 25, 2025

Shaheen, Jeanne

New Hampshire · Jun 12, 2025

Peters, Gary C.

Michigan · May 19, 2025

North Carolina · May 19, 2025

Iowa · May 14, 2025

Louisiana · May 13, 2025

Arkansas · May 13, 2025

California · May 13, 2025

Justice, James C.

West Virginia · May 8, 2025

Alaska · May 6, 2025

South Dakota · Apr 30, 2025

Warner, Mark R.

Virginia · Apr 30, 2025

Curtis, John R.

Utah · Apr 10, 2025

Whitehouse, Sheldon

Rhode Island · Apr 10, 2025

Britt, Katie Boyd

Alabama · Apr 7, 2025

Indiana · Apr 7, 2025

Arkansas · Apr 4, 2025

Murkowski, Lisa

Alaska · Apr 1, 2025

Wyoming · Mar 26, 2025

Montana · Mar 26, 2025

Nebraska · Mar 14, 2025

Risch, James E.

Idaho · Mar 13, 2025

Rhode Island · Mar 11, 2025

Coons, Christopher A.

Delaware · Mar 10, 2025

Idaho · Mar 10, 2025

Page 1 of 2 Next

Cite this page click to expand

APA

U.S. Congress. (2026). S. 522: Credit Union Board Modernization Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-522/

MLA

"S. 522: Credit Union Board Modernization Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-522/.

Bluebook (legal)

S. 522, 119th Cong. (2026), https://openamerica.io/bill/119-S-522/.

Markdown link

[S. 522: Credit Union Board Modernization Act](https://openamerica.io/bill/119-S-522/)

Report a problem