Mar18

Help Build a Credit Union Chapter for the Tri-Cities Area! 

Join your peers as we explore the opportunity to create a Credit Union Chapter in the Tri-Cities area!
Mar25

Commercial Services Council; Session One

This session provides an opportunity to engage with a community of commercial lending, and business service leaders focused on treasury and cash management services, member business lending programs, and strategies for deepening relationships with small business and commercial clients.
Mar26

HR & Trainers Council; Session One

The Council’s open format serves to encourage and recharge staff dealing with similar challenges and developments within the Credit Union Movement. Human resources and training professionals gather to learn, teach, pass on tips, and provide resources, information, networking, and professional development opportunities to best prepare for what’s on the horizon.
Mar27

Marketers Council; Session One

The Council — open to marketing, communications, media relations, public relations, business development, and community outreach professionals — is interactive and belongs to the members. Beneficial presentations are offered, along with the opportunity for credit union professionals to share in roundtable discussions. Councils provide an outlet that furthers the success of credit unions.
Home » Advocacy On The Move »

U.S. House Starts the Week Passing Credit Union Board Modernization Act

Posted by on February 10, 2025

The 119th Congress has some challenging and pretty momentous policy hills to climb in the weeks and months ahead, but they took a step to provide regulatory relief for the credit union movement today. H.R. 975, the Credit Union Board Modernization Bill, was passed out of the U.S. House of Representatives, by a unanimous voice vote, earlier this afternoon.  

As you are likely aware, this legislation provides a very simple change to allow credit union Boards of Directors to meet a minimum of six times per year, rather than the monthly or 12 times a year that is currently required in the Federal Credit Union Act.  

The House passed a similar bill at the beginning of the 118th Congress; however, our advocacy efforts ran out of time to get the legislation across the finish line in the Senate before the close out of the last Congress. We are hopeful that with a new Senate Banking Chairman and majority in the U.S. Senate, this bi-partisan support this, non-controversial bill will be finalized and head to the President’s desk for his signature., in this Congress. 

The GoWest Advocacy Team will keep you apprised of additional discussions around regulatory relief and Federal Credit Union Act modernization efforts as we lead up to the National Governmental Affairs Conference in March, GAC, and beyond.  

Posted in Advocacy on the Move, Federal Advocacy.