The NCUA has updated the Federal Credit Union bylaws member expulsion policy following passage of the Credit Union Governance Modernization Act of 2022 by Congress. It is important that board members are aware of these policy and process changes to ensure safety and soundness principles are safeguarded in the rare case of a member engaging in actions that qualify as a for-cause expulsion.

Learn more about the new rule at the MD|DC Credit Union Association’s Directors Forum, Risky Business: What Board Members Need to Know, on October 10, 6-7 pm via Zoom. Association President/CEO John Bratsakis and VP of Advocacy Rory Murray will discuss the member expulsion rule and the impact on credit unions. Becky Garton from TruStage will also discuss potential future risks looking ahead to 2024. Register here.