Perlmutter introduces H.R. 7963, the Credit Union Governance Modernization Act

U.S. Rep. Ed Perlmutter introduced a bill to make it easier for a credit union to expel a member for fraud, loss or other illegal and disruptive behavior.

“This bipartisan legislation will improve the federal credit union charter and make credit unions safer for both employees and members,” said Perlmutter, who joined U.S. Rep. Tom Emmer, R-Minn., in announcing the bill. “If a member is engaged in fraudulent, abusive or dangerous activity, it puts employees and other members at risk. This will ensure credit unions have a more streamlined process for expelling bad actors and protecting their membership and staff.”

MWCUA sent Rep. Permlutter a letter thanking him for his steadfast commitment to credit unions.