Privately Insured Credit Unions Conversion Modernization Act

Current understanding

S4808 (introduced June 2026, referred to Senate Banking Committee) proposes to modernize the statutory framework governing credit unions that convert from private share insurance to federal deposit insurance through the NCUA. The bill would update member notice, disclosure, and procedural requirements applicable to such conversions but does not create a new conversion pathway. Status: introduced; no committee action yet.

Evidence log

• 2026-07-23 — To amend the Federal Credit Union Act with respect to conversion modernization for privately insured credit unions.: cross-connection with credit-union-conversion-modernization-privately-isured: Possible duplicate coverage: both pages track legislation modernizing conversion rules for privately insured credit unions under the Federal Credit Union Act; HR9900 evidence may belong on the consolidated page. (novelty: 2)
• 2026-03-25 — To require the Federal Deposit Insurance Corporation and the National Credit Union Administration to carry out an analysis to determine whether insurance coverage should be raised on covered transaction accounts, and for other purposes.: cross-connection with transaction-account-insurance-coverage-study: The NCUA leg of the HR8090 analysis intersects with credit union share insurance policy, adjacent to modernization of privately insured credit union treatment. (novelty: 2)

Open questions

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