CUNA backs board modernization bill prior to committee markup

CUNA wrote in support of a bill to modernize federal credit union board meeting requirements prior to its markup by the House Financial Services Committee. The Credit Union Board Modernization Act (H.R. 6889) was introduced by Reps. Juan Vargas, D-Calif., and Anthony Gonzalez, R-Ohio.

The bill would allow boards of federally charted credit unions the flexibility to meet at minimum six times a year rather than the required 12 times a year.

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