Bankowość i finanse · 26/07/2023

Federal Credit Union Bylaws to be Amended to Allow for Member Expulsion

The NCUA is issuing a final rule to amend the standard Federal Credit Union Bylaws to adopt a policy allowing for the expulsion of a member for cause by a two-thirds vote of the board of directors, following the enactment of the Credit Union Governance Modernization Act of 2022.