CHAPTER 186
CREDIT UNIONS
186.015 Credit union review board.
186.02 Incorporation, bylaws, amendment, fees.
186.03 Use of name exclusive.
186.035 Deceptive or misleading use of credit union name, logo, or symbol.
186.06 Membership meetings, fiscal year.
186.07 Board of directors.
186.08 Officers, management.
186.082 Definitions applicable to indemnification and insurance provisions.
186.083 Mandatory indemnification.
186.084 Determination of right to indemnification.
186.085 Allowance of expenses as incurred.
186.086 Credit union may limit indemnification.
186.087 Additional rights to indemnification and allowance of expenses.
186.088 Court-ordered indemnification.
186.089 Indemnification and allowance of expenses of employees and agents.
186.093 Definitions applicable to liability-related provisions.
186.094 Reliance by directors or officers.
186.095 Consideration of interests in addition to members' interests.
186.096 Limited liability of directors and officers.
186.10 Minors' rights; shares in trust.
186.112 Credit union borrowing.
186.113 Credit union powers.
186.114 Savings promotion prize programs.
186.115 Additional credit union authority.
186.116 Financially related services tie-ins.
186.118 Incidental powers parity with federal credit unions.
186.12 Compensation of officers, operation expenses.
186.14 Expelled member rights and liabilities.
186.19 Bonding requirements.
186.20 Financial privacy.
186.21 Credit unions promoted.
186.235 Office of credit unions.
186.315 Charter cancellation.
186.32 Corporate central credit union.
186.325 National corporate central credit union.
186.34 Federal share insurance.
186.36 Sale of insurance in credit unions.
186.41 Interstate acquisitions and mergers of credit unions.
186.45 Non-Wisconsin credit union, Wisconsin offices.
186.52 Customer access to appraisals.
186.53 Customer access to credit reports.
186.70 Record search; members' inspection of records.
186.71 Reproduction and destruction of records; evidence.
186.01
186.01
Definitions. In this chapter:
186.01(2)
(2) “Credit union" means, except as specifically provided under ss.
186.41 (1) and
186.45 (1), a cooperative, nonprofit corporation, incorporated under this chapter to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.
186.01(3)
(3) “Deposit account" means an account treated as any form of savings.
186.01(3c)
(3c) “Federal share insurance" means the national credit union share insurance fund under
12 USC 1783.
186.01(3m)
(3m) “National board" means the national credit union administration board of the national credit union administration established under
12 USC 1752 or the managing body of any successor that is authorized to provide federal share insurance for credit unions.
186.01(4)
(4) “Net worth" means the aggregate of retained earnings of a credit union, as determined according to generally accepted accounting principles, and other forms of capital approved by the director of the office of credit unions.
186.01(5)
(5) “Regular reserve" means an irrevocable reserve set aside to cover losses.
186.01(7m)
(7m) “Share deposit" means a balance that is established and maintained by a person at a credit union that confers membership rights to that person.
186.01(8)
(8) “Vicinal industries" includes employers which operate one or more facilities within a well-defined neighborhood or urban, suburban or rural community whose limits shall not be determined by any arbitrary physical standard.
186.015
186.015
Credit union review board. 186.015(1)(1)
Confer with office. The office of credit unions shall confer with the credit union review board on matters affecting credit unions and the office. Detailed minutes of each review board meeting shall be kept, and the decision of the review board with reference to all orders issued, or policies established by the office of credit unions pursuant to this chapter is final, except for judicial review as provided in ch.
227.
186.015(2)
(2) Duties. The review board shall do all of the following:
186.015(2)(a)
(a) Advise the office of credit unions and others in improving the condition and service of credit unions.
