Removing Barriers Blog

Mountain West Credit Union Association Introduces Governance Legislation
Posted February 01, 2016 by CUNA Advocacy

Mountain West Credit Union Association

The Mountain West Credit Union Association brought forth a credit union act modernization bill, H 2381, in Arizona which allows compensation for state-chartered credit union directors, reduces the number of credit union board meetings and permits electronic voting by the board. The measure also removes the five percent asset limit on state-chartered credit unions. Last October, NCUA removed a similar limit on federal credit unions.