|DFI-CU - Financial Institutions - CU
|DFI-CU - Financial Institutions - CU|
DFI-Credit Unions (DFI-CU)
51.01 Membership defined.
Real Estate Mortgage Loans
54.01 Purpose and scope.
54.03 Limitations on real estate mortgage loans.
54.04 Loan policies.
54.05 Required documentation.
Credit Unions Review Board
56.01 Rules of procedure.
56.03 Form of notice of appeal.
56.05 Service and filing of papers.
56.06 Conduct of hearings; continuances; appearances; examination of witnesses.
56.08 Prehearing conferences.
56.11 Stay of proceedings.
Retention of Credit Union Books and Records
57.01 Retention of records. ...Each credit union shall retain its records for at least the minimum period specified in the January 1996 edition of the technical publication of the Financial Managers Society, Inc. of Chicago, Illinois, titled “Financial Institutions Record Retention Manual.” www.fmsinc.org/
57.02 Records management.
57.03 Destruction of records.
Sale of Credit Life and Health and Accident Insurance in Connection with Credit Union Loans
58.02 Disposition of commissions.
58.03 Reports to insurance companies.
Miscellaneous Investments by Credit Unions
59.01 Miscellaneous investments.
59.04 Director's consent.
Savings, Dividend Periods and Early Withdrawal Penalties
60.02 Dividend periods.
60.03 Certificates of deposit.
60.04 Passbook savings accounts.
60.05 Early withdrawal penalties.
60.06 Credit union dissolution.
Credit Union Purchase or Acquisition of Conditional Sales Contracts or Similar Instruments Executed by Credit Union Members
61.02 Interest rates.
61.03 Sharing of interest.
61.04 Dealer financial statements.
62.01 Supervisory orders.
62.02 Stay of order during appeal.
Remote Service Units
63.01 Joint rules.
63.03 Advance notice and approval required.
63.04 Restrictions on access prohibited.
63.05 Discriminatory rates or services prohibited.
63.06 Confidentiality and security requirements.
63.07 Allocation of liability.
63.08 Customer service and disclosure requirement.
63.10 Advertising restrictions.
63.11 Filing of supplemental information.
Credit Union Service Organizations
65.02 Corporate separateness.
65.03 Legal opinion.
65.05 Increase of investment.
65.06 Expansion of services.
65.07 Conflicts of interest.
65.08 Reporting and audit procedures.
Credit Union Limited Services Offices Located Out-of-State
66.04 Examination fee.
Certified Public Accountant Audits of Credit Unions in Lieu of Examinations by the State of Wisconsin
67.03 Routine examination procedures.
67.04 Requirements for audits by accountants.
67.05 Acceptance of audits by accountants in lieu of examination by the director.
Investment Authority Parity with Federal Credit Unions
68.01 Purpose and scope.
68.04 Board responsibilities.
68.05 General authority.
68.06 Authorized activities.
68.07 Prohibited activities.
Non-preferential Loan Treatment for Officials
69.01 Statement of policy.
69.03 Preferential loan treatment prohibited.
Participation Loan Authority Parity with Federal Credit Unions
70.01 Purpose and scope.
70.04 General authority.
70.05 Originating lender requirements.
70.06 Participating lender requirements.
Leasing of Personal Property
71.01 Purpose and scope.
71.03 Authority to lease personal property.
71.04 Recovery in the event of default.
71.05 Application of other laws.
71.06 Limitation on leasing concentrations.
Member Business Loans (State-chartered credit unions)
72.02 Member business loan.
72.03 Prohibited member business loans.
72.04 Construction and development loans.
72.05 Implementation of a member business loan program.
72.06 Member business loan policy requirements.
72.07 Collateral and security requirements.
72.08 Amount of loan.
72.09 Calculating the aggregate 15% limit.
72.10 Available waivers.
72.11 Obtaining a waiver.
72.12 Classifying non-delinquent member business loans to reserve for potential loss.
72.13 Schedule of reserves.
72.14 Aggregate member business loan limit.
72.15 Exceptions to the aggregate business loan limit.
72.16 Obtaining an exception.
72.17 Record keeping requirements.
Audits and Verifications
DFI-CU 73.01 Purpose and scope.
DFI-CU 73.02 Definitions.
DFI-CU 73.03 General responsibilities of the board of directors.
DFI-CU 73.04 Audit of credit unions with total assets of $500 million or greater.
DFI-CU 73.05 Audit of credit unions with total assets of less than $500 million.
DFI-CU 73.06 Alternatives to financial statement audit. ,BR>
DFI-CU 73.07 Requirements for verification of accounts and passbooks.
DFI-CU 73.08 Compensated auditor.
DFI-CU 73.09 Audit report and working papers.
DFI-CU 73.10 Sanctions.
Incidental powers activity authority parity with federal credit unions - debt cancellation contracts and debt suspension agreements, for Wisconsin state-chartered credit unions.
74.03 Debt cancelation contracts and debt suspension agreements.
74.04 Prohibited practices.
74.05 Refunds of fees in the event of termination or repayment of covered loan.
74.06 Method of payment of fees.
74.08 Affirmative election to purchase and acknowledgement of receipt of disclosures required.
74.09 Safety and soundness.