Senate bill S610-118

Banking, Housing, and Urban Affairs Committee

Credit Union Board Modernization Act

• Last activity on Mar 01, 2023

• Introduced Mar 01, 2023

• By Sen. Sinema, Kyrsten [I-AZ]

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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.

Senate Actions

IntroReferral
Mar. 01 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
Mar. 01 2023	Introduced in Senate

Senate bill S610-118

Credit Union Board Modernization Act

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