Credit Union Membership Access Act

The Credit Union Membership Access Act is a U.S. law that sets rules for who can join a credit union and how credit unions are organized. It ensures that credit unions serve specific communities or groups, like employees of a company or residents of an area. The law also establishes standards for credit union governance, safety, and stability. Its goal is to protect members’ savings and promote fair, transparent practices while allowing credit unions to operate efficiently within their designated membership base.