Credit Union Board Modernization Act
The summary
What this bill does
Credit Union Board Modernization Act
This bill reduces the required frequency of meetings held by the board of directors of certain credit unions. Under the bill, new credit unions and credit unions with a low soundness rating must meet monthly, as required under current law. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter.
Legislative timeline
From introduction
Feb 4, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - CA District 52 · D-CA
22 cosponsors
U.S. Representative - MI District 4 · R-MI
U.S. Representative - IL District 6 · D-IL
U.S. Representative - MI District 3 · D-MI
U.S. Representative - OH District 8 · R-OH
U.S. Representative - PA District 9 · R-PA
U.S. Representative - IL District 11 · D-IL
Member of Congress · R-CA
U.S. Representative - CA District 48 · R-CA
U.S. Representative - ID District 1 · R-ID
U.S. Representative - CA District 24 · D-CA
Member of Congress · D-NY
U.S. Representative - VA District 9 · R-VA
+ 10 more cosponsors
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | HR |
| Bill Number | 975 |
| Origin Chamber | House |
| Current Status | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Policy Area | Finance and Financial Sector |
| Primary Committee | Not assigned |
| Introduced | February 4, 2025 |
| Latest Action | February 11, 2025 |
| Cosponsors | 22 · House vote — · — views |