Revises the par value of membership shares and allows for participation in board meetings by telephone or electronic means

This bill changes rules for credit unions, including how they are formed and who can be a member. It specifies requirements for membership shares and outlines the duties of a credit union's board of directors. The bill also allows directors to participate in meetings and vote using electronic means.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text