Sec. 1181. Credit Union Advisory Council
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/bill/114/hr/5983/rh/section-1181·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 102 of the Federal Credit Union Act ( 12 U.S.C. 1752a ) is amended by adding at the end the following: The Board shall establish the Credit Union Advisory Council to advise and consult with the Board in the exercise of the Board’s functions and to provide information on emerging credit union practices, including regional trends, concerns, and other relevant information. The Board shall appoint no fewer than 15 and no more than 20 members to the Credit Union Advisory Council.
In appointing such members, the Board shall include members representing credit unions predominantly serving traditionally underserved communities and populations and their interests, without regard to party affiliation. The Credit Union Advisory Council— shall meet from time to time at the call of the Board; and shall meet at least twice each year. Members of the Credit Union Advisory Council who are not full-time employees of the United States shall— be entitled to receive compensation at a rate fixed by the Board, while attending meetings of the Credit Union Advisory Council; and be allowed travel expenses, including transportation and subsistence, while away from their homes or regular places of business. .
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Sec. 1181
Credit Union Advisory Council
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