The civic record
Read. Follow. Verify.Missouri bill lowers minimum credit union membership share par value to $1 and permits virtual board meetings
Last action · February 5, 2026: Second Read and Referred S Insurance and Banking CommitteeSponsor: Jill Carter
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What This Bill Would Do
Senate Bill 1424 lowers the minimum required for credit union membership shares from $25 to $1 and permits credit union boards of directors to meet and vote remotely using electronic means.
Changes the upfront financial threshold required for joining certain credit unions and alters how credit union boards can conduct official business.
- Senate Bill 1424 is processed during the 2026 Second Regular Session of the 103rd General Assembly of Missouri. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Credit unions
Credit unions gain statutory authority to hold remote board meetings and adjust the minimum par value of membership shares.
Credit union members
Members face a lower minimum par value requirement for membership shares.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Can credit union board members attend meetings remotely?
What else do you want to know?
News Coverage
Check Your Understanding
1.According to the bill version, under what condition may directors participate in and act at board meetings through electronic means?
Auto-generated · not yet reviewed
2.According to the bill version, what restriction does the text place on the director regarding geographic area credit unions?
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3.According to the bill version, what limits does the text establish for the par value of credit union membership shares?
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Follow the record
Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
3 actions- Feb 5, 2026SenateFloorSecond Read and Referred S Insurance and Banking Committee
- Jan 7, 2026SenateIntroducedS First Read
- Dec 10, 2025SenatePrefiled
Version history
Only one version on file - nothing to compare yet. The text on record is the 6097S.01I - Introduced version. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Substantial similarity to HB 2586
The official summary notes that this act is substantially similar to the truly agreed to HB 2586 from the 2026 session.
Connected Entities
Sources
www.senate.mo.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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