# 119-s-522: Credit Union Board Modernization Act

119-s-522, Credit Union Board Modernization Act, is a 119th Congress bill sponsored by Sen. Hagerty, Bill [R-TN] (R-TN); status introduced; PRIA reads it as touching household money (as of 2026-09-20).

- Canonical: https://policyrisk.com/legislation/119-s-522
- As of: 2026-09-20
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-522
- Congress: 119
- Title: Credit Union Board Modernization Act
- Status: introduced
- Introduced: 2025-02-11
- Sponsor: Sen. Hagerty, Bill [R-TN] (R-TN)
- Cosponsors: 63
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-20

## Summary

**Creates a tiered, performance-based meeting schedule for federal credit union boards.** This bill would tie how often a board must meet to a credit union’s age and its ratings under the Uniform Financial Institutions Rating System (UFIRS) and a management capability rating, replacing a blanket monthly requirement with a two-stage cadence.

## Cosponsors (63)

- Sen. Blunt Rochester, Lisa [D-DE] (D-DE), 2025-02-11T00:00:00.000Z
- Sen. Tuberville, Tommy [R-AL] (R-AL), 2025-02-27T00:00:00.000Z
- Sen. Lee, Mike [R-UT] (R-UT), 2025-03-03T00:00:00.000Z
- Sen. Hoeven, John [R-ND] (R-ND), 2025-03-03T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2025-03-03T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2025-03-03T00:00:00.000Z
- Sen. King, Angus S., Jr. [I-ME] (I-ME), 2025-03-03T00:00:00.000Z
- Sen. Klobuchar, Amy [D-MN] (D-MN), 2025-03-05T00:00:00.000Z
- Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2025-03-05T00:00:00.000Z
- Sen. Collins, Susan M. [R-ME] (R-ME), 2025-03-05T00:00:00.000Z
- Sen. Fischer, Deb [R-NE] (R-NE), 2025-03-05T00:00:00.000Z
- Sen. Kaine, Tim [D-VA] (D-VA), 2025-03-06T00:00:00.000Z
- Sen. Merkley, Jeff [D-OR] (D-OR), 2025-03-06T00:00:00.000Z
- Sen. Coons, Christopher A. [D-DE] (D-DE), 2025-03-10T00:00:00.000Z
- Sen. Crapo, Mike [R-ID] (R-ID), 2025-03-10T00:00:00.000Z
- Sen. Reed, Jack [D-RI] (D-RI), 2025-03-11T00:00:00.000Z
- Sen. Risch, James E. [R-ID] (R-ID), 2025-03-13T00:00:00.000Z
- Sen. Ricketts, Pete [R-NE] (R-NE), 2025-03-14T00:00:00.000Z
- Sen. Barrasso, John [R-WY] (R-WY), 2025-03-26T00:00:00.000Z
- Sen. Daines, Steve [R-MT] (R-MT), 2025-03-26T00:00:00.000Z
- Sen. Murkowski, Lisa [R-AK] (R-AK), 2025-04-01T00:00:00.000Z
- Sen. Boozman, John [R-AR] (R-AR), 2025-04-04T00:00:00.000Z
- Sen. Britt, Katie Boyd [R-AL] (R-AL), 2025-04-07T00:00:00.000Z
- Sen. Young, Todd [R-IN] (R-IN), 2025-04-07T00:00:00.000Z
- Sen. Whitehouse, Sheldon [D-RI] (D-RI), 2025-04-10T00:00:00.000Z
- Sen. Curtis, John R. [R-UT] (R-UT), 2025-04-10T00:00:00.000Z
- Sen. Rounds, Mike [R-SD] (R-SD), 2025-04-30T00:00:00.000Z
- Sen. Warner, Mark R. [D-VA] (D-VA), 2025-04-30T00:00:00.000Z
- Sen. Sullivan, Dan [R-AK] (R-AK), 2025-05-06T00:00:00.000Z
- Sen. Justice, James C. [R-WV] (R-WV), 2025-05-08T00:00:00.000Z
- Sen. Cassidy, Bill [R-LA] (R-LA), 2025-05-13T00:00:00.000Z
- Sen. Padilla, Alex [D-CA] (D-CA), 2025-05-13T00:00:00.000Z
- Sen. Cotton, Tom [R-AR] (R-AR), 2025-05-13T00:00:00.000Z
- Sen. Ernst, Joni [R-IA] (R-IA), 2025-05-14T00:00:00.000Z
- Sen. Tillis, Thomas [R-NC] (R-NC), 2025-05-19T00:00:00.000Z
- Sen. Peters, Gary C. [D-MI] (D-MI), 2025-05-19T00:00:00.000Z
- Sen. Shaheen, Jeanne [D-NH] (D-NH), 2025-06-12T00:00:00.000Z
- Sen. Schiff, Adam B. [D-CA] (D-CA), 2025-06-25T00:00:00.000Z
- Sen. Moreno, Bernie [R-OH] (R-OH), 2025-06-25T00:00:00.000Z
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD), 2025-07-09T00:00:00.000Z
- Sen. Kim, Andy [D-NJ] (D-NJ), 2025-07-15T00:00:00.000Z
- Sen. Smith, Tina [D-MN] (D-MN), 2025-07-16T00:00:00.000Z
- Sen. Hickenlooper, John W. [D-CO] (D-CO), 2025-07-21T00:00:00.000Z
- Sen. Slotkin, Elissa [D-MI] (D-MI), 2025-08-01T00:00:00.000Z
- Sen. Blackburn, Marsha [R-TN] (R-TN), 2025-09-09T00:00:00.000Z
- Sen. Capito, Shelley Moore [R-WV] (R-WV), 2025-09-30T00:00:00.000Z
- Sen. Sheehy, Tim [R-MT] (R-MT), 2025-10-09T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2025-10-30T00:00:00.000Z
- Sen. Baldwin, Tammy [D-WI] (D-WI), 2025-11-04T00:00:00.000Z
- Sen. Husted, Jon [R-OH] (R-OH), 2025-11-19T00:00:00.000Z
- Sen. Banks, Jim [R-IN] (R-IN), 2025-12-02T00:00:00.000Z
- Sen. Warnock, Raphael G. [D-GA] (D-GA), 2025-12-16T00:00:00.000Z
- Sen. Scott, Rick [R-FL] (R-FL), 2025-12-16T00:00:00.000Z
- Sen. Ossoff, Jon [D-GA] (D-GA), 2025-12-18T00:00:00.000Z
- Sen. Luján, Ben Ray [D-NM] (D-NM), 2025-12-18T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2026-01-28T00:00:00.000Z
- Sen. Murray, Patty [D-WA] (D-WA), 2026-02-10T00:00:00.000Z
- Sen. Kelly, Mark [D-AZ] (D-AZ), 2026-03-04T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2026-03-04T00:00:00.000Z
- Sen. Wicker, Roger F. [R-MS] (R-MS), 2026-03-05T00:00:00.000Z
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2026-03-17T00:00:00.000Z
- Sen. Hassan, Margaret Wood [D-NH] (D-NH), 2026-03-25T00:00:00.000Z
- Sen. Moody, Ashley [R-FL] (R-FL), 2026-04-20T00:00:00.000Z

## Provisions PRIA read

- New meeting rules for credit unions: mixed, low. This bill would change how often boards of Federal credit unions must meet. For the first five years after a credit union's organization certificate is approved, boards would meet at least monthly. After that period, credit unions with both a composite rating of 1 or 2 and a management capability r…

## Related bills

- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.
- 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California.
- 119-sres-723: A resolution honoring the life of Dirk Arthur Kempthorne, former United States Senator for the State of Idaho.

## Sources
- [119-s-522 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/522)

## Related
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739)
- [119-sres-723: A resolution honoring the life of Dirk Arthur Kempthorne, former United States…](https://policyrisk.com/legislation/119-sres-723)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-522 (as of 2026-09-20).