04/15/2025 | News release | Distributed by Public on 04/15/2025 09:52
From possible changes at the NCUA to credit union legislation gaining traction in Congress, and insights from Association CEO John Bratsakis on a significant executive order, here's what you need to know this week:
First, the NCUA Board 's agenda for Thursday includes a briefing on the agency's voluntary separation program. Here's what CU Daily is reporting.
Meanwhile, in Congress, the Credit Union Board Modernization Act, S. 522, is gaining momentum in the Senate. 25 additional co-sponsors have signed on to the bill that would allow the boards of well-run credit unions to meet as few as six times per year, instead of once per month as currently required. Sentoar Lisa Blunt Rochester from Delaware is a lead sponsor of the legislation. A companion bill, H.R. 975, has already passed in the House.
The Daily Record spoke to MD|DC Credit Union Association CEO John Bratsakis about the implications of an executive order issued by the Trump Administration that seeks to expand White House control over independent agencies like the NCUA.