On September 19, 2019, the National Credit Union Administration (NCUA) Board approved a final rule amending its model bylaws. The changes largely codify in one place several agency legal opinions and clarify some bylaw provisions. The rule provides guidance to help credit union officials, employees and members better understand bylaw provisions, including a federal credit union’s ability to limit services to a disruptive or abusive member. It also clarifies that the process to expel a member is statutory. The changes do not require a federal credit union to update its current bylaws. The preamble to the final rule states:
Already a member? Log in
Members Get More |
This page contains member-only content.Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:
|
If you are already logged in and believe you should have access to member-only content, please contact us for assistance at info@americascreditunons.org.