Credit Union Board Modernization Act (S. 522)
Referred to CommitteeLatest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2/11/2025 • Senate
Summary
Credit Union Board Modernization Act
This bill revises the required frequency of meetings held by a credit union's board of directors. Specifically, new credit unions and credit unions with a low soundness rating must meet monthly. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter. Currently, all credit union boards must meet at least once a month.
Introduced in Senate • 2/11/2025
Topics & Subjects
Congressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (64)
Party Breakdown
Sponsor
Cosponsors (63)
Bill Journey
Originated in the Senate
Introduced
February 11, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (2)
Details
Sources and method
· Congress.gov, CRS, USAspending, FEC, LDA · Record updated Sep 18, 2026
- Congress.govLibrary of CongressStatus, actions, sponsors, cosponsors, committees and textRecord updated Sep 18, 2026 · Loaded Oct 30, 2026, 4:02 AM ET
- CRS bill summaryCongressional Research Service, via Congress.govOfficial summarySummary of the “Introduced in Senate” version, Feb 11, 2025 · Loaded Oct 30, 2026, 4:02 AM ET
- USAspending.govU.S. Department of the TreasuryRelated Federal Spending section
- FEC filingsFederal Election CommissionFunding & Lobbying section
- Lobbying disclosures (LDA)Secretary of the Senate and Clerk of the HouseFunding & Lobbying section
All sources: Public domain (17 U.S.C. § 105) · Method: Data sources → · Campaign finance →
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Dates shown where the source reports one. “Loaded” is when CIV.IQ last fetched the record.