Credit Unions

  1. Law
  2. Nevada Revised Statutes
  3. Credit Unions

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Section
672.010

Definitions.

Section
672.020

"Account" defined.

Section
672.030

"Beneficiary" defined.

Section
672.040

"Board" defined.

Section
672.050

"Chair" defined.

Section
672.061

"Commissioner" defined.

Section
672.070

"Credit union" defined.

Section
672.080

"Demand" defined.

Section
672.090

"Department" defined.

Section
672.100

"Deposits" defined.

Section
672.110

"Director" defined.

Section
672.120

"Dividend" defined.

Section
672.125

"Fixed assets" defined.

Section
672.130

"Immediate family" defined.

Section
672.140

"Loan officer" defined.

Section
672.145

"Member" defined.

Section
672.150

"Merger" defined.

Section
672.160

"Multiple-party account" defined.

Section
672.170

"Net contribution" defined.

Section
672.180

"Party" defined.

Section
672.190

"Payment" defined.

Section
672.210

"Proof of death" defined.

Section
672.220

"Sums on deposit" defined.

Section
672.230

"Trust account" defined.

Section
672.240

"Withdrawal" defined.

Section
672.250

Administration of chapter; regulations of Commissioner.

Section
672.260

Duties of Commissioner; regulations.

Section
672.270

Powers of Commissioner concerning regulations and legal actions.

Section
672.275

Certain relationships between employee of Division of Financial Institutions and licensee prohibited; termination of prohibited relationship.

Section
672.282

Application for license: Additional requirements; fingerprints; grounds for refusal to issue license.

Section
672.284

Suspension or revocation of license: Additional grounds.

Section
672.286

Use or change of business name; prohibitions.

Section
672.288

Authorization of Commissioner to investigate business; free access required; compelling attendance of witnesses.

Section
672.290

Credit Union Advisory Council.

Section
672.295

Applicability of provisions concerning Regulatory Experimentation Program for Product Innovation. [Effective January 1, 2020.]

Section
672.300

Requirement of incorporation; exceptions; applicability of NRS 81.410 to 81.540, inclusive; perpetual existence.

Section
672.310

Procedure for incorporation; fees set by regulation.

Section
672.320

Amendment of articles of incorporation; bylaws.

Section
672.330

Offices; principal place of business.

Section
672.340

Fiscal year.

Section
672.342

Certificate of authority required.

Section
672.343

Application for certificate of authority: Filing; form; contents; withdrawal of application.

Section
672.344

Requirements for issuance of certificate.

Section
672.345

Applicable law; filing of annual report.

Section
672.346

Examination of records; revocation of certificate.

Section
672.347

Applicability of provisions of chapter 80 of NRS.

Section
672.350

Board of directors: Number, election and terms of members; procedure for filling vacancy.

Section
672.360

Board of directors: Responsibilities; meetings; executive committee.

Section
672.370

Board of directors: Duties.

Section
672.380

Board of directors: Powers.

Section
672.390

Appointment of audit committee: Duties; powers; suspension of member; employment of certified public accountant.

Section
672.400

Credit committee; loan officer.

Section
672.410

Removal of director, officer or employee on objection of Commissioner.

Section
672.420

Officers: Election; designation; bonds; terms; duties.

Section
672.430

List of directors, officers and committee members.

Section
672.440

Fiduciary relationship of directors and officers.

Section
672.450

Compensation and expenses of directors, officers and members.

Section
672.460

General powers; waiver or modification of law by Commissioner.

Section
672.470

Receiving and paying out deposits; borrowing, selling and purchasing assets.

Section
672.480

Fees and assessments.

Section
672.490

Membership in other credit union or organization; performance of certain services.

Section
672.500

Donations and contributions.

Section
672.510

Eligibility for membership.

Section
672.520

Eligibility of minor; limitations.

Section
672.530

Subscription to and transfer of shares; lien for sums due; reduction in shares.

Section
672.540

Real and personal property subject to taxation.

Section
672.550

Meetings of members.

Section
672.560

Savings deposits; special clubs and accounts.

Section
672.570

Multiple-party accounts: Authorization; disbursement of money; limitations.

Section
672.630

Payment of trust accounts.

Section
672.650

Right to setoff against multiple-party accounts.

Section
672.670

Regular reserves.

Section
672.680

Special reserves.

Section
672.690

Assets qualified for reserves.

Section
672.700

Dividends.

Section
672.710

Loans to members: Application; approval; limitations; participation loans; payment.

Section
672.720

Loans to members: Extension of previous maximum credit; review.

Section
672.730

Loans to and guaranties by directors and members of committees.

Section
672.740

Security for loans.

Section
672.750

Insurance of members and accounts.

Section
672.755

Approval of private insurer and contract of insurance; regulations; reserve.

Section
672.760

Authorized investments.

Section
672.765

Limitation on investment in fixed assets.

Section
672.767

Definitions.

Section
672.769

"Designated reporter" defined.

Section
672.771

"Exploitation" defined.

Section
672.773

"Older person" defined.

Section
672.775

"Reasonable cause to believe" defined.

Section
672.777

"Vulnerable person" defined.

Section
672.778

Training; reporting to designated reporter.

Section
672.779

Designated reporter: Designation; duty to report; immunity.

Section
672.780

Annual financial report.

Section
672.790

Examinations and audits; exceptions; fees.

Section
672.795

Independent audit and examination: Payment of assessment; cooperation.

Section
672.800

Merger; fees set by regulation; regulations.

Section
672.810

Conversions; fee set by regulation.

Section
672.820

Voluntary dissolution.

Section
672.830

Involuntary dissolution: Suspension of operations; corrective actions; declaration of insolvency; liquidation.

Section
672.835

Involuntary dissolution: Appointment of liquidating agent for credit union closed by bankruptcy or insolvency.

Section
672.840

Procedure for liquidation.

Section
672.850

Organization and operation; rights and powers.

Section
672.860

Membership.

Section
672.870

Voting representatives.

Section
672.875

Regular reserves.

Section
672.880

Use of words "credit union" or conducting business as credit union by person not organized as credit union; spreading false report concerning management or finances of credit union.

Section
672.890

Administrative fines.

Section
672.3435

Fee for initial investigation; annual fees; costs for additional investigations; regulations.

Section
672.3455

Application for certificate of authority to open branch offices.