U.S. Capitol Building U.S. Capitol. (Source: Shutterstock)

On Tuesday, a bill was introduced in the U.S. House of Representatives that proposed changes to the Federal Credit Union Act to modify the number of times credit union boards must meet each year.

Rep. Juan Vargas (D-Calif.) and Rep. Anthony Gonzalez (R-Ohio) introduced the Credit Union Board Modernization Act, which would change the current requirement for credit union boards to meet once each month, to not less than six times per year.

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Michael Ogden

Editor-in-Chief for CU Times.

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