United States · Bill · S
S. 522 (119th)
Credit Union Board Modernization Act
Introduced
11 February 2025
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
21 April 2026
Summary
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.
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Documents
2 official files
Introduced in Senate
Introduced in Senate
Introduced in Senate · EN · 11 February 2025
Introduced in Senate
summary · EN · 11 February 2025
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/119th-congress/senate-bill/522
- Open data entity: https://api.congress.gov/v3/bill/119/s/522