Credit Union Board Modernization Act
Official title: A bill to amend the Federal Credit Union Act to modify the frequency of board of directors meetings, and for other purposes.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 in Senate Formatted Text PDF Formatted XML
- GOWEST CREDIT UNION ASSOCIATION
- BROWNSTEIN HYATT FARBER SCHRECK, LLP
- CALIFORNIA AND NEVADA CREDIT UNION LEAGUES
- AMERICAS CREDIT UNIONS, FKA CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICAS CREDIT UNIONS
- MICHIGAN CREDIT UNION LEAGUE
- CALIFORNIA AND NEVADA CREDIT UNION LEAGUES
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Consumer Financial Protection Bureau (CFPB)
- Natl Credit Union Administration (NCUA)
- Treasury, Dept of
- Defense, Dept of (DOD)
- Small Business Administration (SBA)
- Office of Management & Budget (OMB)
Cite this page
U.S. Congress. (2026). S. 522: Credit Union Board Modernization Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-522/
"S. 522: Credit Union Board Modernization Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-522/.
S. 522, 119th Cong. (2026), https://openamerica.io/bill/119-S-522/.
[S. 522: Credit Union Board Modernization Act](https://openamerica.io/bill/119-S-522/)