Last progress February 11, 2025 (9 months ago)
Introduced on February 11, 2025 by William Francis Hagerty
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This bill changes how often boards of directors at federal credit unions must meet. New credit unions must hold board meetings at least once a month for their first five years. After that, well‑rated credit unions can meet less often: at least six times a year, with at least one meeting each quarter. Credit unions with lower exam ratings must keep meeting monthly. These rules are tied to federal safety and management ratings (1–5 scale) used by regulators.
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