S. 4808: Privately Insured Credit Unions Conversion Modernization Act

S. 4808 is a federal bill in the 119th Congress. Before this bill, a credit union backed by private deposit insurance needed at least twenty percent of its total membership to participate in a vote before it could convert to federal deposit insurance. Additionally, the credit union had to provide notice… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.