Supervision by Commissioner of Financial Institutions — Fee

  1. Law
  2. Tennessee Code
  3. Banks and Financial Institutions
  4. Credit Unions
  5. Volunteer Corporate Credit Union
  6. Supervision by Commissioner of Financial Institutions — Fee

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  1. The corporation is declared to be performing the functions of a credit union and shall be subject to exclusive supervision and an annual examination by the commissioner of financial institutions.
  2. The corporation shall pay an annual supervision fee equal in amount to one-half (½) of the fee calculated to be due in accordance with § 45-4-1002(c) from a noncorporate credit union having assets equal in amount to the corporation.


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