NCUA Extends Virtual Credit Union Meeting Permission Through 2022

The National Credit Union Administration will continue to allow credit unions to conduct membership and board of directors meetings virtually until the end of 2022, as long as the national pandemic emergency continues, agency Chairman Todd Harper announced Monday.

Under the plan adopted early in the pandemic, a federal credit union may adopt, by a two-thirds vote of its board of directors, a change in its bylaws allowing for a virtual annual meeting and board of directors meeting as long as the credit union is included in a federal disaster declaration, has the technological capacity that allows for participation and voting, and has given seven days’ notice of the meeting.

Credit unions also are permitted to hold board of directors elections virtually.

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