AB133-SSA1-SA1,316,2518 (b) Reasonably related powers. Subject to any applicable state or federal
19regulatory or licensing requirements, a credit union may engage, directly or
20indirectly through a credit union service organization, in activities reasonably
21related or incident to the purposes of the credit union. Activities reasonably related
22or incident to the purposes of the credit union are those activities that are part of the
23business of credit unions, or closely related to the business of credit unions, or
24convenient and useful to the business of credit unions, or reasonably related or
25incident to the operation of credit unions or are financial in nature.
AB133-SSA1-SA1,317,3
1(c) Notice requirement. A credit union shall give 60 days' prior written notice
2to the office of credit unions of the credit union's intention to engage in an activity
3under this subsection.
AB133-SSA1-SA1,317,104 (d) Standards for denial. The office of credit unions may deny the authority
5of a credit union to engage in an activity under this subsection if the office of credit
6unions determines that the activity is not an activity reasonably related or incident
7to the purposes of the credit union, that the credit union is not well-capitalized or
8adequately capitalized, that the credit union is the subject of an enforcement action
9or that the credit union does not have satisfactory management expertise for the
10proposed activity.
AB133-SSA1-SA1,317,1211 (e) Other activities approved by the office of credit unions. A credit union may
12engage in any other activity that is approved by rule of the office of credit unions.
AB133-SSA1-SA1,317,1713 (f) Activities provided through a subsidiary. A credit union may engage in
14activities under this subsection, directly or indirectly through a credit union service
15organization, unless the office of credit unions determines that an activity must be
16conducted through a credit union service organization with appropriate safeguards
17to limit the risk exposure of the credit union.
AB133-SSA1-SA1,317,22 18(3) Rule-making authority. The office of credit unions may promulgate rules
19to administer this section. The rules may impose limitations or conditions on the
20exercise of powers under this section if the office of credit unions determines that the
21limits or conditions are necessary for the protection of depositors, members,
22investors or the public.
AB133-SSA1-SA1, s. 2308px 23Section 2308px. 186.115 (1) of the statutes is amended to read:
AB133-SSA1-SA1,318,524 186.115 (1) Scope of authority. Subject to any regulatory approval required
25by law and subject to sub. (2), a credit union, directly or through a subsidiary, may

1undertake any activity, exercise any power or offer any financially related product
2or service in this state that any other provider of financial products or services may
3undertake, exercise or provide or that the office of credit unions finds to be financially
4related. The authority granted under this subsection is in addition to any power or
5authority granted to a credit union under s. 186.114 (1) and (2) (a) and (b).
AB133-SSA1-SA1, s. 2308sc 6Section 2308sc. 186.235 (7) (a) (intro.) of the statutes is amended to read:
AB133-SSA1-SA1,318,107 186.235 (7) (a) (intro.) Employes of the office of credit unions and members of
8the review board shall keep secret all the facts and information obtained in the
9course of examinations, or contained in any report provided by a credit union other
10than a call report,
except in any of the following situations:
AB133-SSA1-SA1, s. 2308sf 11Section 2308sf. 186.235 (7) (c) of the statutes is created to read:
AB133-SSA1-SA1,318,1712 186.235 (7) (c) If any person mentioned in par. (a) discloses any information
13about the private account or transactions of a credit union or any information
14obtained in the course of an examination of a credit union, except as provided in pars.
15(a) and (b), that person may be required to forfeit his or her office or position and may
16be fined not less than $100 nor more than $1,000 or imprisoned for not less than 6
17months nor more than 3 years or both.
AB133-SSA1-SA1, s. 2308sh 18Section 2308sh. 186.235 (7m) of the statutes is created to read:
AB133-SSA1-SA1,318,2119 186.235 (7m) Return of examination reports. Examination reports possessed
20by a credit union are confidential, remain the property of the office of credit unions
21and shall be returned to the office of credit unions immediately upon request.
AB133-SSA1-SA1, s. 2308sj 22Section 2308sj. 186.235 (16) (a) of the statutes is renumbered 186.235 (16).
AB133-SSA1-SA1, s. 2308sL 23Section 2308sL. 186.235 (16) (b) of the statutes is repealed.
AB133-SSA1-SA1, s. 2308sn 24Section 2308sn. 186.36 of the statutes is amended to read:
AB133-SSA1-SA1,319,4
1186.36 Sale of insurance in credit unions. Any officer or employe of a credit
2union, when acting as an agent for the sale of insurance on behalf of the credit union,
3shall pay all commissions received from the sale of credit life insurance or credit
4accident and sickness
insurance to the credit union.
AB133-SSA1-SA1, s. 2308sp 5Section 2308sp. 186.41 (title) of the statutes is amended to read:
AB133-SSA1-SA1,319,7 6186.41 (title) Interstate acquisition acquisitions and merger mergers
7of credit unions.
AB133-SSA1-SA1, s. 2308sr 8Section 2308sr. 186.41 (1) (a) of the statutes is renumbered 186.41 (1) (bm)
9and amended to read:
AB133-SSA1-SA1,319,1110 186.41 (1) (bm) "In-state Wisconsin credit union" means a credit union having
11its principal office located in this state.
AB133-SSA1-SA1, s. 2308st 12Section 2308st. 186.41 (1) (c) of the statutes is renumbered 186.41 (1) (am)
13and amended to read:
AB133-SSA1-SA1,319,1614 186.41 (1) (am) "Regional Out-of-state credit union" means a state or federal
15credit union that has its, the principal office of which is located in one of the regional
16states
a state other than this state.
AB133-SSA1-SA1, s. 2308sv 17Section 2308sv. 186.41 (1) (d) of the statutes is repealed.
AB133-SSA1-SA1, s. 2308sx 18Section 2308sx. 186.41 (2) and (3) of the statutes are amended to read:
AB133-SSA1-SA1,319,2019 186.41 (2) In-state Wisconsin credit union. (a) An in-state A Wisconsin credit
20union may do any of the following:
AB133-SSA1-SA1,319,2221 1. Acquire an interest in, or some or all of the assets and liabilities of, one or
22more regional out-of-state credit unions.
AB133-SSA1-SA1,319,2323 2. Merge with one or more regional out-of-state credit unions.
AB133-SSA1-SA1,320,224 (b) An in-state A Wisconsin credit union proposing any action under par. (a)
25shall provide the office of credit unions a copy of any original application seeking

1approval by a federal agency or by an agency of the regional another state and of any
2supplemental material or amendments filed in connection with any application.
AB133-SSA1-SA1,320,4 3(3) Regional Out-of-state credit unions. Except as provided in sub. (4), a
4regional
an out-of-state credit union may do any of the following:
AB133-SSA1-SA1,320,65 (a) Acquire an interest in, or some or all of the assets of, one or more in-state
6Wisconsin credit unions.
AB133-SSA1-SA1,320,77 (b) Merge with one or more in-state Wisconsin credit unions.
AB133-SSA1-SA1, s. 2308vc 8Section 2308vc. 186.41 (4) (intro.), (a) to (d) and (f) of the statutes are
9amended to read:
AB133-SSA1-SA1,320,1110 186.41 (4) Limitations. (intro.) A regional An out-of-state credit union may
11not take any action under sub. (3) until all of the following conditions have been met:
AB133-SSA1-SA1,320,1512 (a) The office of credit unions finds that the statutes of the regional state in
13which the regional out-of-state credit union has its principal office permit in-state
14Wisconsin credit unions to both acquire regional out-of-state credit union assets and
15merge with one or more regional out-of-state credit unions in the regional that state.
AB133-SSA1-SA1,320,1816 (b) The office of credit unions has not disapproved the acquisition of in-state
17Wisconsin credit union assets or the merger with the in-state Wisconsin credit union
18under sub. (5).
AB133-SSA1-SA1,321,219 (c) The office of credit unions gives a class 3 notice, under ch. 985, in the official
20state newspaper, of the application to take an action under sub. (3) and of the
21opportunity for a hearing and, if at least 25 residents of this state petition for a
22hearing within 30 days of the final notice or if the office of credit unions on its own
23motion calls for a hearing within 30 days of the final notice, the office of credit unions
24holds a public hearing on the application, except that a hearing is not required if the
25office of credit unions finds that an emergency exists and that the proposed action

1under sub. (3) is necessary and appropriate to prevent the probable failure of an
2in-state
a Wisconsin credit union that is closed or in danger of closing.
AB133-SSA1-SA1,321,63 (d) The office of credit unions is provided a copy of any original application
4seeking approval by a federal agency of the acquisition of in-state Wisconsin credit
5union assets or of the merger with an in-state a Wisconsin credit union and of any
6supplemental material or amendments filed with the application.
AB133-SSA1-SA1,321,97 (f) With regard to an acquisition of assets of an in-state a Wisconsin credit
8union that is chartered on or after May 9, 1986, the in-state Wisconsin credit union
9has been in existence for at least 5 years before the date of acquisition.
AB133-SSA1-SA1, s. 2308vf 10Section 2308vf. 186.41 (5) (a), (b), (c) and (cr) of the statutes are amended to
11read:
AB133-SSA1-SA1,321,1512 186.41 (5) (a) Considering the financial and managerial resources and future
13prospects of the applicant and of the in-state Wisconsin credit union concerned, the
14action would be contrary to the best interests of the members of the in-state
15Wisconsin credit union.
AB133-SSA1-SA1,321,1816 (b) The action would be detrimental to the safety and soundness of the
17applicant or of the in-state Wisconsin credit union concerned, or to a subsidiary or
18affiliate of the applicant or of the in-state Wisconsin credit union.
AB133-SSA1-SA1,321,2319 (c) Because the applicant, its executive officers or directors have not
20established a record of sound performance, efficient management, financial
21responsibility and integrity, the action would be contrary to the best interests of the
22creditors, members or other customers of the applicant or of the in-state Wisconsin
23credit union or contrary to the best interests of the public.
AB133-SSA1-SA1,322,224 (cr) The applicant has failed to propose to provide adequate and appropriate
25services of the type contemplated by the community reinvestment act of 1977 in the

1community in which the in-state Wisconsin credit union which the applicant
2proposes to acquire or merge with is located.
AB133-SSA1-SA1, s. 2308vh 3Section 2308vh. 186.41 (6) (a) of the statutes is renumbered 186.41 (6).
AB133-SSA1-SA1, s. 2308vj 4Section 2308vj. 186.41 (6) (b) of the statutes is repealed.
AB133-SSA1-SA1, s. 2308vL 5Section 2308vL. 186.41 (8) of the statutes is repealed.
AB133-SSA1-SA1, s. 2308vn 6Section 2308vn. 186.45 of the statutes is created to read:
AB133-SSA1-SA1,322,8 7186.45 Non-Wisconsin credit union, Wisconsin offices. (1) Definitions.
8In this section:
AB133-SSA1-SA1,322,109 (a) "Non-Wisconsin credit union" means a credit union organized under the
10laws of and with its principal office located in a state other than this state.
AB133-SSA1-SA1,322,1111 (b) "Wisconsin credit union" has the meaning given in s. 186.41 (1) (bm).
AB133-SSA1-SA1,322,16 12(2) Approval. A non-Wisconsin credit union may open an office and conduct
13business as a credit union in this state if the office of credit unions finds that
14Wisconsin credit unions are allowed to do business in the other state under
15conditions similar to those contained in this section and that all of the following apply
16to the non-Wisconsin credit union:
AB133-SSA1-SA1,322,1817 (a) It is a credit union organized under laws similar to the credit union laws of
18this state.
AB133-SSA1-SA1,322,1919 (b) It is financially solvent based upon national board ratings.
AB133-SSA1-SA1,322,2020 (c) It has member savings insured with federal share insurance.
AB133-SSA1-SA1,322,2221 (d) It is effectively examined and supervised by the credit union authorities of
22the state in which it is organized.
AB133-SSA1-SA1,322,2423 (e) It has received approval from the credit union authorities of the state in
24which it is organized.
AB133-SSA1-SA1,323,2
1(f) It has a need to place an office in this state to adequately serve its members
2in this state.
AB133-SSA1-SA1,323,43 (g) It meets all other relevant standards or qualifications established by the
4office of credit unions.
AB133-SSA1-SA1,323,6 5(3) Requirements. A non-Wisconsin credit union shall agree to do all of the
6following:
AB133-SSA1-SA1,323,87 (a) Grant loans at rates not in excess of the rates permitted for Wisconsin credit
8unions.
AB133-SSA1-SA1,323,99 (b) Comply with this state's laws.
AB133-SSA1-SA1,323,1010 (c) Designate and maintain an agent for the service of process in this state.
AB133-SSA1-SA1,323,14 11(4) Records. As a condition of a non-Wisconsin credit union doing business in
12this state under this section, the office of credit unions may require copies of
13examination reports and related correspondence regarding the non-Wisconsin
14credit union.
AB133-SSA1-SA1, s. 2308vp 15Section 2308vp. 186.80 of the statutes is created to read:
AB133-SSA1-SA1,323,19 16186.80 False statements. A person who knowingly publishes false reports or
17makes false statements about a credit union may be fined not less than $1,000 nor
18more than $5,000 or imprisoned for not less than one year nor more than 15 years
19or both.".
AB133-SSA1-SA1,323,20 20969. Page 1179, line 21: after that line insert:
AB133-SSA1-SA1,323,21 21" Section 2313m. 196.208 (5p) of the statutes is created to read:
AB133-SSA1-SA1,323,2222 196.208 (5p) Toll-free calls answered by prisoners. (a) In this subsection:
AB133-SSA1-SA1,323,2323 1. "Charitable organization" has the meaning given in s. 440.41 (1).
AB133-SSA1-SA1,323,2424 2. "Prisoner" has the meaning given in s. 134.73 (1) (b).
AB133-SSA1-SA1,324,4
1(b) If a prisoner is employed directly or indirectly by a charitable organization
2or toll-free service vendor to answer calls made to the charitable organization or
3toll-free service vendor, the prisoner shall do all of the following immediately upon
4answering a call:
AB133-SSA1-SA1,324,55 1. Identify himself or herself by name.
AB133-SSA1-SA1,324,66 2. State that he or she is a prisoner.
AB133-SSA1-SA1,324,87 3. Inform the calling party of the name of the correctional or detention facility
8in which he or she is a prisoner and the city and state in which the facility is located.
AB133-SSA1-SA1,324,119 (c) A charitable organization or toll-free service vendor that directly or
10indirectly employs a prisoner shall provide reasonable supervision of the prisoner to
11assure the prisoner's compliance with par. (b).
AB133-SSA1-SA1, s. 2313r 12Section 2313r. 196.208 (10) (a) of the statutes is amended to read:
AB133-SSA1-SA1,324,1713 196.208 (10) (a) Subsections (2) to (5) apply to any pay-per-call service that
14a caller may access by a call originating in this state and sub. subs. (5p) and (5t)
15applies apply to any charitable organization, toll-free service vendor or employe of
16a charitable organization or toll-free service vendor
that a caller may access by a call
17originating in this state.
AB133-SSA1-SA1, s. 2313u 18Section 2313u. 196.208 (11) (d) of the statutes is renumbered 196.208 (11) (d)
191. and amended to read:
AB133-SSA1-SA1,324,2220 196.208 (11) (d) 1. Any Except as provided in subd. 2., any person who violates
21subs. (2) to (9) shall be required to forfeit not less than $25 nor more than $5,000 for
22each offense.
AB133-SSA1-SA1,324,25 233. Forfeitures under this paragraph subds. 1. and 2. shall be enforced by action
24on behalf of the state by the department of justice or, upon informing the department
25of justice, by the district attorney of the county where the violation occurs.
AB133-SSA1-SA1, s. 2313y
1Section 2313y. 196.208 (11) (d) 2. of the statutes is created to read:
AB133-SSA1-SA1,325,32 196.208 (11) (d) 2. a. A prisoner who violates sub. (5p) (b) may be required to
3forfeit not more than $500.
AB133-SSA1-SA1,325,84 b. A person who employs a prisoner to answer calls made to a toll-free
5telephone number may be required to forfeit not more than $10,000 if the person
6violates sub. (5p) (c), aids and abets a prisoner's violation of sub. (5p) (b), is a party
7to a conspiracy with a prisoner to commit a violation of sub. (5p) (b) or advises, hires
8or counsels or otherwise procures a prisoner to commit a violation of sub. (5p) (b).".
AB133-SSA1-SA1,325,9 9970. Page 1179, line 21: after that line insert:
AB133-SSA1-SA1,325,11 10" Section 2309q. 196.04 (4) of the statutes is renumbered 196.04 (4) (b) and
11amended to read:
AB133-SSA1-SA1,326,212 196.04 (4) (b) If the parties cannot agree and the commission finds that public
13convenience and necessity or the rendition of reasonably adequate service to the
14public requires that a public utility, telecommunications provider , sewerage system
15operator
or cable operator, as defined in s. 66.082 (2) (b), be permitted to extend its
16lines on, over or under the right-of-way of any railroad, or requires that the tracks
17of any railroad be extended on, over or under the right-of-way of any public utility,
18telecommunications provider, sewerage system operator or cable operator, the
19commission may order the extension by the public utility, telecommunications
20provider, sewerage system operator, cable operator or railroad on, over or under the
21right-of-way of the other if it will not materially impair the ability of the railroad,
22telecommunications provider, sewerage system operator, cable operator or public
23utility, on, over or under whose right-of-way the extension would be made, to serve
24the public. The commission shall prescribe lawful conditions and compensation

1which the commission deems equitable and reasonable in light of all the
2circumstances.
AB133-SSA1-SA1, s. 2309s 3Section 2309s. 196.04 (4) (a) of the statutes is created to read:
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