NV SB375

Low-income credit unions may issue shares to nonmembers up to 20% of unimpaired capital and surplus, with Commissioner approval required to exceed that limit

Commissioner of Financial Institutions may temporarily suspend credit union regulations for up to 90 days during emergencies or when determined to be in the public interest, with one 90-day extension possible

Minimum par value for credit union shares reduced from $5 to $1, and applications to open additional branch offices must be approved or denied within 60 days

Board of directors meeting requirements changed from monthly to minimum six times per calendar year (at least once per quarter), with electronic meetings permitted

Nonmembers may participate in member loans as joint applicants, co-borrowers, or guarantors, and credit unions may invest in investment-grade municipal bonds from out-of-state issuers (capped at 75% of net worth aggregate, 25% per issuer)