General Provisions.

  1. Law
  2. Code of Alabama
  3. Banks and Financial Institutions.
  4. Credit Unions.
  5. General Provisions.

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Section
5-17-1

"Credit Union" Defined.

Section
5-17-2

Procedure for Organization and Incorporation.

Section
5-17-3

Use of Words "Credit Union" in Name or Title.

Section
5-17-4

Powers Generally.

Section
5-17-5

Membership.

Section
5-17-6

Withdrawal of Members; Expulsion for Cause; Termination of Membership; Readmission.

Section
5-17-7

Operating Fees; Fee Filed With Certificate of Organization.

Section
5-17-8

Reports to Administrator of Alabama Credit Union Administration; Powers of Administrator.

Section
5-17-8.1

Investigatory and Enforcement Powers of Administrator, Board, Designee, Etc.

Section
5-17-9

Fiscal Year; Meetings of Members; Amendment of Bylaws.

Section
5-17-10

Election of Board of Directors, Credit Committee, and Supervisory Committee.

Section
5-17-11

Election of Officers; Duties of Officers and Directors; Compensation; Liability.

Section
5-17-12

Powers and Duties of Credit Committee.

Section
5-17-13

Powers and Duties of Supervisory Committee.

Section
5-17-14

Capital; Lien on Shares and Deposits of Members; Entrance Fee.

Section
5-17-15

Deposits for Minor or Trust Beneficiaries; Deposits in Names of Two Persons.

Section
5-17-16

Disposition of Shares or Deposit Account of Deceased Person.

Section
5-17-17

Loans to Members, Directors, Officers, Etc.

Section
5-17-18

Interest Rates and Finance Charges on Loans; Late Charge.

Section
5-17-19

Insurance and Reserves.

Section
5-17-20

Dividends.

Section
5-17-21

Voluntary Dissolution.

Section
5-17-22

Merger and Conversion Procedures.

Section
5-17-23

Change of Place of Business.

Section
5-17-24

Taxation.

Section
5-17-25

Alabama Credit Union League - Advance Payment of Dues by Member Credit Unions.

Section
5-17-26

Alabama Credit Union League - Issuance of Advance Dues Certificates to Member Credit Unions.

Section
5-17-27

Alabama Credit Union League - Amortization of Credit Represented by Advance Dues Certificate.

Section
5-17-28

Alabama Credit Union League - Redemption and Purchase of Advance Dues Certificate Upon Dissolution, etc., of Member Credit Union.

Section
5-17-29

Penalties - Concealment of Discounts or Loans.

Section
5-17-30

Penalties - Overdraws; Receipt of Commission, Emolument, etc., for Procuring Loans.

Section
5-17-31

Penalties - Receipt of Property Other Than in Payment for Just Demand.

Section
5-17-32

Penalties - False or Omitted Entries.