Effective: March 20, 2019
Latest Legislation: House Bill 489 - 132nd General Assembly
(A) The senior management officials of a credit union may terminate the membership of, or some or all services to, a member of the credit union, if the member does any of the following:
(1) Causes a loss to the credit union;
(2) Commits fraud or any similar misdeed against the credit union or against any person on the premises of the credit union;
(3) Engages in inappropriate behavior involving another person, such as physical or verbal abuse of another member or an employee of the credit union;
(4) Otherwise engages in conduct detrimental to the credit union.
(B) A member that has its membership terminated or services suspended under division (A) of this section may, within ninety days after the termination or suspension, appeal the action to the board of directors of the credit union. The board may affirm, disaffirm, or modify the action, and its decision is final.