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What flexibilities exist for monthly Board meetings?
Credit unions should adhere to their Bylaws and the Michigan Credit Union Act regarding Board meetings. Section 490.342(9) of the Michigan Credit Union Act requires the Board of a domestic credit union meet at least 6 times in each calendar year and at least every other month. The Board shall meet in person or by means of electronic communication devices that enable all participants in a meeting to communicate with each other (e.g. teleconference).