HR 975
Credit Union Board Modernization Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:10 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Credit Union Board Modernization Act, changes the requirements for how often credit union boards of directors must meet. It lowers the meeting frequency for newly formed credit unions and those with low financial ratings, requiring them to meet at least monthly. Other credit unions will still need to hold at least six meetings per year, with one in each fiscal quarter. The goal is to provide more flexibility for smaller or less stable credit unions while maintaining adequate oversight.
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