U.S. House passes bill to update federal credit union board meeting rules
The U.S. House of Representatives on Feb. 10 voted to pass bipartisan legislation that would update the requirements for federal credit union board meetings. H.R. 975, the Credit Union Board Modernization Act, would allow federal credit union boards in good standing to meet every other month. Currently, the boards meet monthly. “Under H.R. 975, certain well-functioning credit unions are provided with the option to meet at least six times annually, with at least one meeting held during each f...
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