There is a newer version of the West Virginia Code
2009 West Virginia Code
CHAPTER 31C. CREDIT UNIONS
ARTICLE 1. SUPERVISION AND REGULATION.
- §31C-1-1 Definitions
- §31C-1-2 Authority of commissioner and board of banking and financial institutions.
- §31C-1-3 Powers of commissioner
- §31C-1-4 Suspension; involuntary liquidation.
- §31C-1-5 Examinations.
- §31C-1-6 Records.
- §31C-1-7 Reports.
- §31C-1-8 Assessments.
ARTICLE 2. FORMATION OF CREDIT UNION.
- §31C-2-1 Organization procedure.
- §31C-2-2 Certification of charter; and certificate of authority.
- §31C-2-3 Articles and bylaws.
- §31C-2-4 Use of name exclusive.
- §31C-2-5 Branches and other service facilities.
- §31C-2-6 Out-of-state credit unions.
- §31C-2-7 Conducting business outside this state.
- §31C-2-8 Tax exemption.
- §31C-2-9 Credit unions heretofore organized need not obtainnew charter; actions validated.
ARTICLE 3. POWERS OF CREDIT UNION.
- §31C-4-1 Membership defined.
- §31C-4-2 Organizations.
- §31C-4-3 Membership applications
- §31C-4-4 Members who cease to be eligible.
- §31C-4-5 Liability and expulsion of members.
- §31C-4-6 Meetings of members.
- §31C-4-7 Calling of special meeting.
ARTICLE 5. DIRECTION OF CREDIT UNION AFFAIRS.
- §31C-5-1 Authority and responsibility of directors.
- §31C-5-2 Election of directors and selection of supervisory and credit committee members.
- §31C-5-3 Record of officials; and filling vacancies.
- §31C-5-4 Compensation of officials; and conflicts of interests.
- §31C-5-5 Officers.
- §31C-5-6 Executive committee.
- §31C-5-7 Credit committee and loan officers
- §31C-5-8 Audits.
- §31C-5-9 Fidelity bonds, required oaths and hazard insurance.
- §31C-5-10 Suspension and removal of officials.
- §31C-5-11 Inspection of books and records by members.
- §31C-6-1 Share accounts and membership shares.
- §31C-6-2 Dividends.
- §31C-6-3 Deposit accounts.
- §31C-6-7 Payable-on-death accounts.
- §31C-6-8 Liens.
- §31C-6-9 Share and deposit insurance.
- §31C-6-10 Reduction in shares.
- §31C-7-1 Purpose and conditions of loans.
- §31C-7-2 Finance charge.
- §31C-7-3 Additional charges.
- §31C-7-4 Applications.
- §31C-7-5 Loan limit; collateral requirements; and repayment.
- §31C-7-6 Line of credit.
- §31C-7-7 Participation loans.
- §31C-7-8 Other loan programs.
- §31C-7-9 Loans to officials.
ARTICLE 8. OTHER MEMBER SERVICES.
- §31C-8-1 Insurance for members.
- §31C-8-2 Indemnification of officers.
- §31C-8-3 Group purchasing.
- §31C-8-4 Money-type instruments.
- §31C-8-5 Retirement accounts and trust authority.
ARTICLE 9. INVESTMENTS AND RESERVE ALLOCATIONS.
ARTICLE 10. CHANGE IN CORPORATE STATUS
ARTICLE 11. CORPORATE CREDIT UNION.
- §31C-11-1 Incorporation.
- §31C-11-2 Purposes.
- §31C-11-3 Membership.
- §31C-11-4 Organization.
- §31C-11-5 Powers and privileges.
- §31C-11-6 Participation in central system.
- §31C-11-7 Security interest.
- §31C-11-8 Meetings.
- §31C-11-9 Fees.
- §31C-11-10 Reserves.
- §31C-11-11 Annual audit.
- §31C-11-12 Securities exemption.
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