The emergency exemption allowing federal credit unions to conduct membership and board of director meetings completely virtually will expire Dec. 31, according to NCUA’s latest Letter to Credit Unions (22-FCU-03). NCUA previously approved the flexibility in March 2020, November 2020, and November 2021.
“The NCUA does not believe that current circumstances continue to warrant federal credit unions to invoke the subject bylaw provision beyond year-end 2022,” the letter reads. “Federal credit unions that have already adopted the bylaw amendment may retain it in their bylaws, but it will not be applicable after the end of 2022 unless NCUA issues a new notification allowing federal credit unions to invoke it.”
The letter also notes: