Finance & markets · 26/07/2023Updated: 10/17/2026 · 1 min read
Federal Credit Union Bylaws to be Amended to Allow for Member Expulsion
Summary
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.
Original source language: Federal Register — National Credit Union AdministrationOpen original release →