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.
186.015(2)(b)
(b) Review the acts and decisions of the office of credit unions and conduct reviews under sub.
(5).
186.015(2)(c)
(c) Respond promptly on credit union matters and to questions submitted to the review board by the office of credit unions or by a credit union.
186.015(2)(e)
(e) Perform other credit union review functions as provided by law or rule.
186.015(2)(f)
(f) Conduct hearings, take testimony, issue subpoenas and administer oaths to witnesses.
186.015(3)
(3) Approval of actions. The review board may require the office of credit unions to submit any of the office's official actions to the review board for its approval.
186.015(3g)
(3g) Procedure. The review board may promulgate rules of procedure under ch.
227.
186.015(3r)(a)(a) Any interested person may appear at a hearing of the review board, participate in the examination of witnesses and present evidence.
186.015(4)(a)
(a) Any person causing a witness to be subpoenaed shall advance and pay the fees and mileage of the witness, which shall be the same as in circuit court.
186.015(4)(b)
(b) The fees and mileage of witnesses who are called at the instance of the review board shall be paid by the state in the same manner that other expenses are paid, upon presentation of proper vouchers approved by at least one member of the review board and charged to the appropriation of the office of credit unions.
186.015(5)
(5) Reviews. Any interested person aggrieved by any act, order or determination of the office of credit unions that relates to credit unions may, within 60 days after the date of the act, order or determination, apply for review by the review board. The review board shall determine if the office of credit unions acted within the scope of the office's authority, has not acted in an arbitrary or capricious manner and has based the act, order or determination on evidence supported by the record. The review board shall dispose of a review application within 60 days after the date on which it is received, unless the review board designates a hearing examiner, in which case the review board shall dispose of the review application within 180 days after the date on which it is received.
186.015(6)(a)
(a) Three members of the review board shall constitute a quorum and a majority vote of those present shall decide. A member of the review board is not qualified to act in any matter involving a credit union in which the member is an officer, director or stockholder, or to which the member is indebted.
186.015(6)(b)
(b) Any final order or determination of the review board shall be subject to review in the manner provided in ch.
227.
