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

Reps. Juan Vargas (D-Calif.) and Bill Huizenga (R-Mich.) introduced bipartisan legislation Thursday to modify current federal requirements for federal credit union board meetings. The Credit Union Board Modernization Act, supported by NAFCU and CUNA, would alter requirements that credit union boards meet once each month to every other month.

A similar bill was introduced last year by Rep. Vargas and Rep. Anthony Gonzalez (R-Ohio), where the bill passed the U.S. House of Representatives but never made it to the Senate floor for a vote.

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Michael Ogden

Editor-in-Chief for CU Times.

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