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Read. Follow. Verify.Missouri House Bill 2586 Lowers Minimum Membership Share Par Value for Credit Unions and Permits Electronic Board Meetings
Last action · July 13, 2026: Delivered to Secretary of State (G)Sponsors: David Casteel and 1 other
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What This Bill Does
House Bill 2586 lowers the minimum of credit union membership shares from twenty-five dollars to one dollar and authorizes credit union directors to participate in board meetings by telephone or electronic means.
Changes the baseline financial entry threshold for joining credit unions and alters internal governance protocols for board members across the state.
- House Bill 2586 was introduced during the 2026 Regular Session of the 103rd General Assembly in Missouri. context
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Credit unions
Credit unions are subject to new statutory parameters regarding membership share pricing, liquidation priorities, and allowable electronic board meeting procedures.
Credit union members
Members face a lower minimum financial threshold for purchasing membership shares while assuming defined liquidation risks on those shares.
Credit union board of directors
Directors gain explicit statutory authorization to attend and vote at board meetings via telephone or electronic means.
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
What is the new minimum cost for credit union membership shares?
Can credit union board members attend meetings remotely?
What happens to membership shares if a credit union is liquidated?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law.
Procedural history
30 actions- Jul 13, 2026HouseDelivered to Secretary of State (G)
- Jul 13, 2026Governor of MissouriEnrolledApproved by Governor (G)
- May 28, 2026Governor of MissouriDelivered to Governor
- May 28, 2026SenateSigned by President Pro Tem (S)
- May 28, 2026HouseSigned by House Speaker (H)
- Apr 23, 2026SenateSenate Message (S)
Show 24 earlier actions
- Apr 23, 2026HouseTruly Agreed To and Finally Passed
- Apr 23, 2026SenateTaken Up for Third Reading (S)
- Apr 15, 2026SenateCommitteeReported Do Pass-Placed on Third Read Consent Calendar (S)
- Apr 7, 2026SenateCommitteeVoted Do Pass Consent (S)
- Apr 7, 2026SenateExecutive Session Held (S)
- Apr 2, 2026SenatePublic Hearing Scheduled (S)
- Mar 31, 2026SenateCommitteeSecond read and referred: Insurance and Banking(S)
- Mar 19, 2026SenateReported to the Senate and First Read (S)
- Mar 16, 2026HouseDelivered to the Senate
- Mar 12, 2026HouseFloorThird Read and Passed (H)
- Mar 12, 2026HouseTaken Up for Third Reading (H)
- Mar 11, 2026HousePerfected by Consent - Pursuant to House Rules (H)
- Feb 25, 2026HouseCommitteeReported Do Pass - Consent (H)
- Feb 24, 2026HouseCommitteeVoted Do Pass - Consent (H)
- Feb 24, 2026HouseExecutive Session Completed (H)
- Feb 18, 2026HouseCommitteeReferred: Consent and Procedure(H)
- Feb 18, 2026HouseCommitteeReported Do Pass - Consent (H)
- Feb 18, 2026HouseCommitteeVoted Do Pass - Consent (H)
- Feb 18, 2026HouseExecutive Session Completed (H)
- Feb 11, 2026HousePublic Hearing Completed (H)
- Feb 5, 2026HouseCommitteeReferred: Financial Institutions(H)
- Jan 8, 2026HouseFloorRead Second Time (H)
- Jan 7, 2026HouseIntroducedRead First Time (H)
- Dec 29, 2025HouseIntroducedPrefiled (H)
Version history
Only one version on file - nothing to compare yet. 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.
Modernization of Credit Union Governance
The legislation formally adapts credit union operational rules to accommodate electronic and remote board management frameworks.
Connected Entities
Sources
house.mo.gov
Analysis Score
0–100- Significance55How 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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