Syfert Injury Law Firm

Short title.

Definitions.

Purposes.

Application for authority to organize a credit union; investigation.

Amendments to bylaws.

Place of doing business.

Board of directors; executive committee responsibilities; oaths; reports to the office.

Executive officers.

Membership.

Membership meetings.

Supervisory or audit committee.

Liability of credit union directors, supervisory committee members, or audit committee members.

Credit committee and credit manager.

Activities of directors, officers, committee members, employees, and agents.

Powers.

Accounts.

Additional power to restrict withdrawals.

Loan powers.

Loan powers; extension of credit to directors and certain others.

Insurance; employee benefit plans.

Investment powers and limitations.

Reserves.

Assessments; state credit unions.

Conservatorship.

Involuntary liquidation.

Voluntary liquidation.

Merger.

Conversion from state credit union to federal credit union and conversely.