Revises the par value of membership shares and allows for participation in board meetings by telephone or electronic means

HB 2586 would lower the minimum value for credit union membership shares from $25 to $1 per share (while keeping the maximum at $100) and allow board directors to participate in meetings via telephone or electronic means. This affects credit unions and their boards by changing share valuation rules and modernizing meeting procedures. Key provisions require remote meetings to enable simultaneous communication among all directors and include verification procedures for electronic voting. The bill does not alter rules for regular shares or other credit union governance requirements.