H.R. 975
Reduces board meeting requirements for credit unions
Most credit unions could hold board meetings six times a year instead of monthly; new or low-rated credit unions would still meet monthly.
- Most credit unions would need at least six board meetings a year, with one each fiscal quarter
- New credit unions and those with a low soundness rating would still meet monthly
- The bill changes meeting frequency rules for credit union boards of directors
Passed the House · Senate's turn