WebApr 5, 2024 · This Act may be cited as the Credit Union Board Modernization Act. 2. Frequency of board of directors meetings. Section 113 of the Federal Credit Union Act (12 U.S.C. 1761b) is amended— (1) in paragraph (15), by striking monthly each place the term appears; (2) in the matter preceding paragraph (1), by striking The board of directors and ... WebMar 3, 2024 · “A modernized Federal Credit Union Act is vital to helping credit unions govern and operate in a 21 st century economy. Operational flexibility and empowerment enhance charter-strength and...
H.R.582 - Credit Union Board Modernization Act 118th …
WebSep 29, 2024 · House passes NAFCU-backed CU board modernization bill The House Thursday passed a package of bills en bloc that included the NAFCU-backed Credit Union Board Modernization Act by a 296-127 vote. The bill was introduced in March by Reps. Juan Vargas, D-Calif., and Anthony Gonzalez, R-Ohio. WebFeb 6, 2024 · To amend the Federal Credit Union Act to modify the frequency of board of directors meetings, and for other purposes. The bill’s titles are written by its sponsor. Sponsor and status Katie Porter Sponsor. Representative for California's 45th congressional district. Democrat. Read Text » Last Updated: Feb 26, 2024 Length: 2 pages Introduced land for sale in brown county
H.R. 2311, Credit Union Governance Modernization Act of 2024
WebApr 1, 2024 · This Act may be cited as the “Credit Union Governance Modernization Act of 2024”. SEC. 2. Expulsion of Federal credit union members for cause. ... the board of directors of the Federal credit union shall provide the member with a hearing; and “(ii) after such hearing, the board of directors of the Federal credit union shall hold a vote on ... WebJan 26, 2024 · 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 … WebMar 1, 2024 · 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 ... help wanted gif