Lets well-managed credit unions hold fewer board meetings.
This bill would change how often federal credit union boards must meet. Currently, all federal credit unions must hold monthly board meetings. Under this bill, well-managed credit unions would only need to meet six times a year, while new or lower-rated ones would still meet monthly.
Today, all federal credit union boards must meet at least once a month. If this bill becomes law, the required meeting frequency would depend on the credit union's performance. Well-rated credit unions would only need to meet at least six times a year, while new or lower-rated ones would still meet monthly.
HR 975 · 119th Congress · February 4, 2025 · AI Summary by gemini-2.5-flash · 10/10
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8 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.