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Can you summarize WIAC Chapters DFI-CU 51-75?
Department of Financial Institutions > Department of Financial Institutions-Credit Unions
Short Summary
The provided legal document content covers various aspects of the Department of Financial Institutions-Credit Unions and the regulations governing credit unions in Wisconsin. It includes guidelines for authorized incidental powers activities, debt cancellation contracts and debt suspension agreements, leasing of personal property, prohibition of preferential treatment for loan transactions involving credit union officials, audits and verifications, establishment of limited services offices located outside the state, supervisory orders, investment authority, penalties for early withdrawal from term share accounts or passbook savings accounts, miscellaneous investments, sale of credit life and health and accident insurance, retention of credit union books and records, remote service units, credit sales transactions, membership requirements and readmission process, rules of procedure for proceedings before the credit union review board, member business loans, and governance of real estate mortgage loans. These documents apply to the Department of Financial Institutions-Credit Unions, credit unions, credit union officials, credit union members, and individuals or entities involved in transactions with credit unions. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Department of Financial Institutions-Credit Unions, credit unions, credit union officials, credit union members, individuals or entities involved in transactions with credit unions
What does it govern?
Authorized Incidental Powers Activities within the Department of Financial Institutions-Credit Unions, Debt Cancellation Contracts and Debt Suspension Agreements, Leasing of Personal Property, Prohibition of Preferential Treatment for Loan Transactions Involving Credit Union Officials, Audits and Verifications in State-Chartered Credit Unions, Establishment of Limited Services Offices Located Outside the State by Credit Unions, Supervisory Orders Issued by the Director of the Department of Financial Institutions, Investment Authority of Wisconsin-Chartered Credit Unions, Penalties for Early Withdrawal from Term Share Accounts or Passbook Savings Accounts, Miscellaneous Investments by Credit Unions, Sale of Credit Life and Health and Accident Insurance in Connection with Credit Union Loans, Retention of Credit Union Books and Records, Remote Service Units, Credit Sales Transactions Involving a Credit Union, Membership Requirements and Readmission Process for Credit Unions, Rules of Procedure for Proceedings before the Credit Union Review Board, Member Business Loans, Governance of Real Estate Mortgage Loans Issued by Credit Unions
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Wisconsin