Annual meeting flexibility in COVID-19 environment

on "March 24, 2020 11:25 am"

The National Credit Union Administration issued Letter to Federal Credit Unions, 20-FCU-02, NCUA Actions Related to COVID-19 – Annual Meeting Flexibility, announcing greater flexibility in conducting annual meetings.

Due to the national emergency proclamation issued by President Donald J. Trump on March 13, 2020, effective immediately, a federal credit union may adopt by a two-thirds vote of its Board of Directors an amendment to Article IV without undergoing further bylaw approval processes with the NCUA.

The full letter is available in the Letters to Credit Unions and Other Guidance section of NCUA.gov.