Credit Unions

  1. Law
  2. Connecticut General Statutes
  3. The Banking Law of Connecticut
  4. Credit Unions

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Section
36a-435

(Formerly Sec. 36-194) - Definitions.

Section
36a-435a

Short title: Connecticut Credit Union Act.

Section
36a-435b

Definitions.

Section
36a-436

(Formerly Sec. 36-195) - License required.

Section
36a-436a

Franchise and filing fee payable to the Secretary of the State.

Section
36a-436b

Issuance of certificate of authority to engage in business of Connecticut credit union.

Section
36a-437

(Formerly Sec. 36-196) - Organization.

Section
36a-437a

Organization.

Section
36a-438

(Formerly Sec. 36-196a) - Field of membership. Expansion. Membership applications. Continuation of membership. Expulsion or withdrawal of member.

Section
36a-438a

Field of membership. Expansion. Change in field of membership.

Section
36a-439

(Formerly Sec. 36-196c) - Change in the field of membership.

Section
36a-439a

Membership applications. Expulsion of member.

Section
36a-440

(Formerly Sec. 36-196d) - Central credit union.

Section
36a-440a

Meetings.

Section
36a-440b

Financial and statistical reports and other information. Records.

Section
36a-441

(Formerly Sec. 36-198) - Powers.

Section
36a-441a

Loan and lease losses account. Net worth requirement.

Section
36a-442

(Formerly Sec. 36-198b) - Mortgage loans to members.

Section
36a-442a

Deposit of funds; withdrawals. Bond requirement.

Sections
36a-443 to 36a-448

(Formerly Secs. 36-198c to 36-198e, 36-200, - Extension of lines of credit to members. Lien on shares of members. Tax and loan and note accounts. Shares; value; withdrawal; minors; trusts; retirement accounts; share insurance. Meetings. Governing board.

Section
36a-448a

Governing board powers.

Section
36a-449

(Formerly Sec. 36-203a) - Governing board meetings.

Section
36a-449a

Meetings of governing board.

Section
36a-450

(Formerly Sec. 36-203b) - Governing board powers. Committees.

Section
36a-450a

Executive committee.

Section
36a-451

(Formerly Sec. 36-203c) - Executive committee.

Section
36a-451a

Supervisory committee. Members. Powers. Duties.

Section
36a-452

(Formerly Sec. 36-203d) - Investment policy.

Section
36a-452a

Credit committee. Credit manager. Loan officer.

Sections
36a-453 and 36a-454

(Formerly Secs. 36-204 and 36-204a) - Officers. Benefits for Connecticut credit union employees and their families; liability or indemnity coverage for directors, credit committee members and supervisory committee members.

Section
36a-454a

Benefits for Connecticut credit union employees and their families. Liability or indemnity coverage for directors, credit committee members and supervisory committee members.

Section
36a-454b

Conflict of interest policy. Prohibitions re insiders and family members of insiders.

Section
36a-455

(Formerly Sec. 36-205) - Credit committee. Loans. Lines of credit.

Section
36a-455a

Powers.

Section
36a-455b

Transfer of assets or business. Sale of branch. Acquisition of assets or business of federal credit union.

Section
36a-456

(Formerly Sec. 36-206) - Loans. Interest on loans. Authorization of interest refunds. Security. Regulations.

Section
36a-456a

Shares; secondary capital accounts; share insurance.

Section
36a-456b

Tax and loan and note accounts.

Section
36a-456c

Dividends.

Section
36a-457

(Formerly Sec. 36-208) - Supervisory committee. Members. Powers. Duties.

Section
36a-457a

Loan policy.

Section
36a-457b

Mortgage loans to members.

Section
36a-458

(Formerly Sec. 36-209) - Reserve requirements.

Section
36a-458a

Loans. Definitions.

Section
36a-459

(Formerly Sec. 36-210) - Dividends.

Section
36a-459a

Investment policy.

Section
36a-460

(Formerly Sec. 36-211) - Losses. Reduction of liabilities.

Section
36a-460a

Corporate Connecticut credit union.

Section
36a-461

(Formerly Sec. 36-213) - Deposit of funds; withdrawals. Registration of securities; inspection. Bonding of officers, employees and authorized agents.

Section
36a-461a

Credit union service organizations.

Section
36a-462

(Formerly Sec. 36-214) - Regulations re conduct of Connecticut credit unions, enforcement of chapter and establishment of rates paid as dividends.

Section
36a-462a

Establishment of branch in this state or outside state by Connecticut credit union. Application.

Section
36a-462b

Establishment of branch in this state by out-of-state, state-chartered credit union. Expansion of field of membership.

Section
36a-463

(Formerly Sec. 36-215) - Reports to commissioner. Net worth restoration plan. Records. Fees.

Section
36a-463a

Audit report and net worth restoration plan by out-of-state, state-chartered or federally-chartered credit union that maintains branch in this state.

Section
36a-463b

Relocation of main office of Connecticut credit union with approval of commissioner.

Sections
36a-464 to 36a-468

(Formerly Secs. 36-219 to 36-221, 36-223a) - Termination. Distribution of assets upon liquidation. No exemption from taxation. License required of other entities. Conversion of Connecticut credit union into federal or out-of-state credit union.

Section
36a-468a

Mergers.

Section
36a-468b

Conversion of Connecticut credit union into federal credit union.

Section
36a-469

(Formerly Sec. 36-223b) and 36a-469a - Conversion of federal or out-of-state credit union into Connecticut credit union. Conversion of Connecticut or federal credit union into mutual savings bank, mutual savings and loan association or mutual community bank.

Section
36a-469b

Conversion of federal or out-of-state credit union into Connecticut credit union.

Section
36a-469c

Conversion of Connecticut or federal credit union into mutual savings bank, mutual savings and loan association or mutual community bank.

Section
36a-470

(Formerly Sec. 36-223c) - Mergers.

Section
36a-470a

Termination.

Section
36a-471

(Formerly Sec. 36-223d) - Sale of assets.

Section
36a-471a

Regulations re conduct of Connecticut credit unions, enforcement of chapter and establishment of rates paid as dividends.

Section
36a-472

(Formerly Sec. 36-223e) - Out-of-state credit union doing business in this state.

Section
36a-472a

No exemption from taxation.

Sections
36a-473 and 36a-474

(Formerly Secs. 36-223f and 36-224) and 36a- - Reports and examination of out-of-state credit unions doing business in this state; net worth restoration plan; revocation or suspension of approval. Exceptions. Credit union service organizations; shared service centers.

Section
36a-476

Compliance with federal Currency and Foreign Transactions Reporting Act.

Sections
36a-477 to 36a-484

Reserved for future use.