Oregon Department of Consumer And Business Services Approves Rule Modernizing Credit Union Board Governance

The Oregon Department of Consumer and Business Services (DCBS) has approved an administrative rule regarding the minimum number of credit union board meetings. Effective as of January 15, 2019, this NWCUA supported rule provides Oregon credit unions’ boards of directors with a modern and flexible meeting schedule. Oregon credit unions can now reduce the mandatory number of board meetings to six per year, after an amendment of their bylaws. Regular meetings do not include the credit union’s annual meeting, committee meetings, or special meetings.  

Have questions regarding the new rule? Please reach out to NWCUA’s Director or Regulatory Compliance & Risk Management, Katie Clark, kclark@nwcua.org. 

Posted in Advocacy on the Move.