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Credit Union Safety: New Rules for Member Expulsion

This act introduces new rules for expelling members from federal credit unions. The goal is to enhance the safety of employees and other members, and to protect against fraud and disruptions. Members will have the right to a hearing before an expulsion decision is made.
Key points
Credit unions can expel members for serious misconduct, including fraud, financial losses, rule violations, or abusive behavior.
A member facing expulsion must be notified and has 15 days to request a hearing with the board of directors.
After expulsion, a member can request reinstatement, which requires a two-thirds vote of members present at a meeting.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_1767
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2021-05-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Credit Union Employee and Member Safety Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1767.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-20.

What are the main provisions?

Key points include:

  • Credit unions can expel members for serious misconduct, including fraud, financial losses, rule violations, or abusive behavior.
  • A member facing expulsion must be notified and has 15 days to request a hearing with the board of directors.
  • After expulsion, a member can request reinstatement, which requires a two-thirds vote of members present at a meeting.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Smith, Tina [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

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