Credit Unions

  1. Law
  2. Oregon Revised Statutes
  3. Financial Institutions, Insurance
  4. Credit Unions

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Section
723.001

Definitions.

Section
723.002

Short title.

Section
723.006

"Credit union" defined.

Section
723.008

"Credit union" defined for ORS 723.136 and 723.464 to 723.498.

Section
723.010

[Amended by 1955 c.550 §1; repealed by 1975 c.652 §88]

Section
723.012

Organization procedure; articles of incorporation; bylaws; fee; rules.

Section
723.014

Denial of certificate of approval.

Section
723.016

Form of articles and bylaws.

Section
723.020

[Repealed by 1975 c.652 §88]

Section
723.022

Amendment of articles and bylaws; fee; rules.

Section
723.026

Use of name exclusive; criminal penalty.

Section
723.030

[Amended by 1973 c.414 §1; repealed by 1975 c.652 §88]

Section
723.032

Places of business; mobile facilities.

Section
723.036

Fiscal year.

Section
723.040

[Amended by 1959 c.106 §1; 1971 c.681 §1; repealed by 1975 c.652 §88]

Section
723.042

Interstate credit unions.

Section
723.050

[Amended by 1955 c.550 §2; 1959 c.106 §2; repealed by 1975 c.652 §88]

Section
723.060

[Amended by 1971 c.681 §2; repealed by 1975 c.652 §88]

Section
723.070

[Repealed by 1975 c.652 §88]

Section
723.080

[Repealed by 1975 c.652 §88]

Section
723.090

[Repealed by 1975 c.652 §88]

Section
723.100

[Amended by 1955 c.550 §3; repealed by 1975 c.652 §88]

Section
723.102

Rulemaking authority.

Section
723.104

[1977 c.135 §43; repealed by 1985 c.762 §196]

Section
723.106

Reports; late filing penalty; rules.

Section
723.110

[Amended by 1971 c.681 §3; repealed by 1975 c.652 §88]

Section
723.112

Examinations.

Section
723.114

Annual fees paid by credit unions; rules.

Section
723.116

Records; rules.

Section
723.118

Disclosure of records of department; exemptions.

Section
723.120

[Amended by 1959 c.106 §3; 1971 c.681 §5; 1973 c.719 §1; repealed by 1975 c.652 §88]

Section
723.122

Bond or letter of credit; rules.

Section
723.124

[1971 c.681 §4; repealed by 1975 c.652 §88]

Section
723.126

Enforcement actions.

Section
723.128

[1971 c.681 §12; repealed by 1975 c.652 §88]

Section
723.130

[Amended by 1955 c.550 §4; 1967 c.279 §1; 1971 c.681 §6; repealed by 1975 c.652 §88]

Section
723.132

Order to remove officer, director or committee member.

Section
723.134

Receipt of deposits from person not a member of credit union; secondary capital accounts; rules.

Section
723.135

[1973 c.148 §2; repealed by 1975 c.652 §88]

Section
723.136

Agreements with other credit union supervisory agencies and Financial Crimes Enforcement Network; contracts for use of credit union examiners; joint examination or enforcement; fees.

Section
723.152

General powers; rules.

Section
723.156

Exercise of powers of federal credit union.

Section
723.172

Credit union membership; rules.

Section
723.176

Business and nonbusiness organizations as members.

Section
723.182

Other credit unions as members.

Section
723.184

State deemed member with respect to deferred compensation deposits; restrictions on membership.

Section
723.186

Members who leave field of membership.

Section
723.188

[1989 c.550 §2; 1999 c.59 §226; 1999 c.316 §9; repealed by 2015 c.458 §4]

Section
723.192

Individual liability.

Section
723.196

Meeting of members; mail or electronic ballots.

Section
723.202

Withdrawal and expulsion of members; request for reinstatement.

Section
723.210

[Repealed by 1975 c.652 §88]

Section
723.220

[Repealed by 1959 c.106 §23]

Section
723.230

[Amended by 1959 c.106 §7; 1967 c.279 §2; 1971 c.681 §7; repealed by 1975 c.652 §88]

Section
723.240

[Amended by 1959 c.106 §8; 1967 c.279 §3; repealed by 1975 c.652 §88]

Section
723.245

[1959 c.106 §6; repealed by 1975 c.652 §88]

Section
723.250

[Amended by 1959 c.106 §9; 1967 c.279 §4; 1971 c.681 §8; 1973 c.147 §1; repealed by 1975 c.652 §88]

Section
723.252

Election of directors and appointment of credit committee and credit manager.

Section
723.256

Record of board and committee members.

Section
723.260

[Amended by 1959 c.106 §10; repealed by 1975 c.652 §88]

Section
723.262

Vacancies.

Section
723.266

Compensation of officials.

Section
723.270

[Repealed by 1975 c.652 §88]

Section
723.272

Conflicts of interest.

Section
723.275

[1959 c.106 §5; repealed by 1975 c.652 §88]

Section
723.276

Executive officers.

Section
723.280

[Amended by 1955 c.550 §5; 1959 c.106 §11; 1971 c.681 §9; repealed by 1975 c.652 §88]

Section
723.282

Authority of directors.

Section
723.286

Executive committee.

Section
723.290

[Amended by 1959 c.106 §12; repealed by 1975 c.652 §88]

Section
723.292

Meetings of directors; rules.

Section
723.296

Duties of directors; delegation of duties.

Section
723.302

Duties of credit committee.

Section
723.306

Meetings of credit committee.

Section
723.312

Loan officers.

Section
723.316

Chief credit officer.

Section
723.322

Duties of supervisory committee; verification of member accounts; rules.

Section
723.326

Suspension and removal of officials; restrictions on service as director.

Section
723.332

[1975 c.652 §41; 1985 c.762 §97; repealed by 2013 c.480 §8]

Section
723.338

Duty to notify law enforcement officers of violations of Oregon Credit Union Act; investigations; costs.

Section
723.350

[Amended by 1959 c.106 §13; repealed by 1975 c.652 §88]

Section
723.360

[Amended by 1959 c.106 §14; repealed by 1975 c.652 §88]

Section
723.370

[Amended by 1959 c.106 §15; repealed by 1975 c.652 §88]

Section
723.380

[Amended by 1959 c.106 §16; repealed by 1975 c.652 §88]

Section
723.390

[Amended by 1959 c.106 §17; 1971 c.681 §10; 1973 c.719 §2; repealed by 1975 c.652 §88]

Section
723.400

[Amended by 1955 c.550 §6; 1959 c.106 §18; 1967 c.279 §5; repealed by 1975 c.652 §88]

Section
723.402

Shares.

Section
723.406

Dividends.

Section
723.410

[Amended by 1959 c.106 §19; 1967 c.279 §6; repealed by 1975 c.652 §88]

Section
723.412

Deposit and deposit certificate accounts; interest; priority.

Section
723.416

[1975 c.652 §45; repealed by 1999 c.185 §58]

Section
723.420

[Repealed by 1959 c.106 §23]

Section
723.422

[1975 c.652 §46; repealed by 1999 c.185 §58]

Section
723.426

Joint accounts.

Section
723.430

[Repealed by 1975 c.652 §88]

Section
723.432

Trust accounts.

Section
723.434

Share draft accounts.

Section
723.436

Section 723.436

Section
723.440

[Repealed by 1975 c.652 §88]

Section
723.441

[1985 c.804 §6; repealed by 1987 c.491 §9]

Section
723.442

Section 723.442

Section
723.444

[1987 c.491 §8; repealed by 1997 c.832 §10]

Section
723.446

Section 723.446

Section
723.447

Certified share drafts.

Section
723.450

Payment on shares and deposits; restriction on class of shares.

Section
723.452

Section 723.452

Section
723.454

Liens.

Section
723.457

[Formerly 723.442; 1991 c.635 §13; repealed by 2001 c.308 §5]

Section
723.460

Reduction in shares.

Section
723.462

[1999 c.185 §19; repealed by 2005 c.95 §12]

Section
723.463

[Formerly 723.452; 1987 c.658 §4; repealed by 1997 c.832 §10]

Section
723.464

Deposits made in name of minor.

Section
723.466

Disposition of deposit on death of depositor.

Section
723.468

Adverse claim to deposit; notice; restraining order or other process; indemnity bond or letter of credit.

Section
723.470

Checks drawn by agents presumed to be in authorized manner.

Section
723.472

Checks of intoxicated or drugged persons.

Section
723.474

Definitions for ORS 723.474 to 723.498.

Section
723.476

Application of ORS 723.478, 723.480 and 723.482; liability and setoff rights of credit unions.

Section
723.478

Ownership of multiple-party accounts.

Section
723.480

Multiple-party accounts; disposition of deposit upon death of party or trustee; effect of will.

Section
723.482

Rights of survivorship based on form of account; alteration of form of account.

Section
723.484

Transfers of moneys upon death of depositor or trustee is not testamentary disposition.

Section
723.486

Multiple party account; payment of deposit to one or more parties; credit union not required to determine source or use of funds in account.

Section
723.488

Joint account; payment to any party to account; payment to others.

Section
723.490

P.O.D. account; payment to any original party; payment to others.

Section
723.492

Trust account; payment to trustee; payment to others.

Section
723.494

Discharge of credit union for payments made; conditions.

Section
723.496

Right of credit union to setoff; amount.

Section
723.498

Designation of agent for account; powers of agent.

Section
723.502

Purposes; terms.

Section
723.506

Application.

Section
723.510

[Amended by 1959 c.106 §20; 1971 c.681 §11; repealed by 1975 c.652 §88]

Section
723.512

Loan limit; exception.

Section
723.516

Installments.

Section
723.520

[Repealed by 1959 c.106 §23]

Section
723.522

Line of credit.

Section
723.526

Other loan programs.

Section
723.530

[Amended by 1959 c.106 §21; 1971 c.367 §1; repealed by 1975 c.652 §88]

Section
723.532

Loans to credit union officials; waiver; rules.

Section
723.536

Loans to nonmembers; personal liability.

Section
723.540

[Repealed by 1975 c.652 §88]

Section
723.550

[Amended by 1959 c.106 §22; repealed by 1975 c.652 §88]

Section
723.560

[Repealed by 1975 c.652 §88]

Section
723.572

Insurance for members.

Section
723.576

Liability insurance for director, officer, employee or agent.

Section
723.582

Share and deposit insurance.

Section
723.586

Group purchasing.

Section
723.602

Investment of funds; rules.

Section
723.631

Regular reserve; reserve for loan losses; rules.

Section
723.632

[1975 c.652 §65; 1979 c.88 §35; repealed by 1981 c.192 §37 (723.631 enacted in lieu of 723.632)]

Section
723.636

Charges to regular reserve.

Section
723.642

[1975 c.652 §67; 1977 c.628 §4; repealed by 1981 c.192 §46]

Section
723.646

Special reserves; purpose.

Section
723.672

Suspension; revocation of charter.

Section
723.676

Liquidation.

Section
723.682

Merger; opposition to merger.

Section
723.686

Conversion of charter.

Section
723.702

Organization; name.

Section
723.706

Membership.

Section
723.712

Voting representative.

Section
723.716

Additional rights and powers.

Section
723.730

Corporate central credit union; membership; rights and powers; rules.

Section
723.752

Application of tax statutes to credit unions.

Section
723.756

Stock transfer taxes.

Section
723.762

Participation in government programs.

Section
723.802

[1975 c.652 §80; repealed by 1985 c.762 §196]

Section
723.806

Notice to law enforcement officers of violation of Oregon Credit Union Act; exceptions.

Section
723.812

Actions; assistance.

Section
723.816

Prohibited acts.

Section
723.818

Giving false document, statement or report prohibited.

Section
723.822

Cease and desist orders; contents; effective date; removal or suspension.

Section
723.826

Section 723.826

Section
723.830

Regulation of services performed for credit union.

Section
723.832

Application to credit unions existing on September 13, 1975.

Section
723.836

Effect of amendment or repeal of Oregon Credit Union Act.

Section
723.840

Limitation on personal liability for good faith act or omission or exercise of judgment or discretion; reliance on information or reports; causes of action.

Section
723.844

Procedures for opening safe deposit box after death of person who was sole lessee or last surviving lessee of box.

Section
723.990

[Repealed by 1975 c.544 §62 and by 1975 c.652 §88]

Section
723.992

Criminal penalties.

Section
723.995

Civil penalties.