United States · Bill · S
S. 4325 (117th)
Credit Union Board Modernization Act
Introduced
26 May 2022
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
7 April 2025
Summary
Credit Union Board Modernization Act This bill revises the frequency of meetings required to be held by a credit union's board of directors. Specifically, the bill requires monthly meetings for new credit unions during their first five years and for credit unions with a low soundness rating. 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.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 26 May 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 26 May 2022
Introduced in Senate
summary · EN · 26 May 2022
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/4325
- Open data entity: https://api.congress.gov/v3/bill/117/s/4325