HB179 Alabama 2015 Session

Updated Feb 24, 2026

Summary

Primary Sponsor: Mack N. ButlerRepresentative
Republican
Session: Regular Session 2015
Title: Credit Union Board, membership, name of entity changed to League of Southeastern Credit Union, Sec. 5-17-55 am'd.
Summary: HB179 changes how the Alabama Credit Union Board is nominated and appointed by requiring nominees from the League of Southeastern Credit Unions for four seats and tightening eligibility and experience rules.
What This Bill Does
It requires four of the seven governor-appointed board members to be chosen from nominees submitted by the League of Southeastern Credit Unions and Affiliates, with the forum providing at least three nominees for each vacancy. If the governor rejects those nominees, the forum must provide an alternative list of three nominees from which the governor selects; the remaining three seats are filled by the governor from nominees submitted by credit unions at large. Nominees must be officers, directors, or managers of state-chartered credit unions and have at least five years of experience in the preceding ten years. The act also imposes vacancy and appeal procedures, and it requires that at least five of the seven board members have five years of experience.

Who It Affects
State-chartered credit unions' officers, directors, or managers, who must meet the new eligibility requirement (five years of experience in the last ten years) to be nominated or appointed.
The Governor and the Alabama Credit Union Administration, along with the League of Southeastern Credit Unions and Affiliates and credit unions at large, who are changed in how nominees are listed, selected, and appointed for board seats.

Key Provisions
Four of the seven governor-appointed board members must be chosen from nominees submitted by the League of Southeastern Credit Unions and Affiliates, which must provide at least three nominees per vacancy.
If the Governor rejects the first three nominees, the forum must submit an alternative list of three nominees for the Governor to choose from.
The remaining three board seats are filled by the Governor from nominees submitted by credit unions at large.
Nominees and appointees must be officers, directors, or managers of a state-chartered credit union and have at least five years of experience in the ten years preceding appointment.
At least five of the seven appointed board members must have at least five years of experience in the ten years prior to appointment.
Vacancy and appeal procedures: vacancies can be declared for certain reasons (e.g., ceasing to be a supervisor, felony, or moral turpitude); notice is mailed with a 30-day appeal window; the Credit Union Board may reinstate a member after an appeal; and hearings must be held within 30 days of appeal.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Credit Union Board