NEW: CUNA board proposes restated bylaws: Membership vote to come

February 1, 2016

WASHINGTON (2/1/16, UPDATED 3:40 p.m. ET)--The Credit Union National Association's (CUNA's) board of directors has voted to adopt and advance restated bylaws to a membership vote.

CUNA Board Chair Susan Streifel reported the decision to CUNA members Monday and outlined for them the board's plan to present the bylaw restatement to membership for review and then a vote.

The main issues addressed in the restatement include: choice regarding membership in CUNA; the ability of the board to address CUNA's dues formula; and board structure and governance.

Streifel said a membership vote to approve the bylaws would "modernize our structure and enable us to be more nimble, effective and accountable in serving your needs."

Additional information about the proposed bylaws and ballots will be distributed next week. The voting process will begin once materials are distributed and conclude in mid-March.

CUNA President/CEO Jim Nussle encourages CUNA members to review the restatement and to ask questions. The voting period purposely spans the dates of the 2016 CUNA Governmental Affairs Conference (Feb. 21-25) to give credit unions opportunities to discuss the bylaws with senior CUNA staff.