Handbook for Federal Credit UnionsBureau of Federal Credit Unions, Social Security Administration, 1949 |
Other editions - View all
Common terms and phrases
73 Stat Accounting Manual amended amount annual meeting application appointed approved Article and Section assets audit authorized bank bers board of directors bond coverage borrowers Bureau of Federal Bylaws Article cash fund change fund charged charter checks comakers committee members compensation Corporation credit committee Credit Manual Credit Union Act credit union concerned delinquent loans directors and committee duties elected employees eral credit union establish examination executive Federal credit union Federal Security Agency field of membership financial and statistical Form FCU Handbook interest investments involuntary liquidation June 26 limits liquidating agent loan officer loans to members maximum mittee money orders operations organization certificate passbook payment person policies prescribed president procedures purpose records Regional Representative Regular Reserve Regulations Section responsibility Rules and Regulations scaledown shareholdings special meeting Special Reserve supervision fee surety bond thrift tion treasurer unsecured loans vote
Popular passages
Page 49 - The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Page 47 - Every credit union is a cooperative institution organized "for the purpose of promoting thrift among its members and creating a source of credit for provident or productive purposes.
Page 70 - The names and places of residence of the shareholders and the number of shares held by each of them. Fifth. The fact that the certificate is made to enable such persons to avail themselves of the advantages of this Title.
Page 38 - This statement shall be accompanied by a certified copy of a resolution of the board of directors of the Federal credit union concerned authorizing the filing of the statement. If no statement is received within the period of time specified in the order, or if the proffered reasons why the...
Page 72 - ... of the credit union. § 306.4 Notice of meeting to Bureau. A copy of the written notice of the meeting, verified by the affidavit of the secretary of the credit union, shall be delivered to the Regional Representative, at the same time, in advance of the meeting, that it is delivered to the members. § 306.5 Report of results of meeting to Bureau. A statement of the results of the vote, verified by the affidavits of the president or vice president and the secretary, shall be filed with the Regional...
Page 77 - In either event, written notice of the meeting, stating the purpose thereof and a summary of the plan, shall be handed to each member in person, or mailed to each member at his address as the same appears on the records of the credit union, as provided in the bylaws. In...
Page 86 - ... (c) Whoever receives, possesses, conceals, stores, barters, sells, or disposes of, any property or money or other thing of value knowing the same to have been taken from a bank, or a savings and loan association, in violation of subsection (b) of this section shall be subject to the punishment provided by said subsection (b) for the taker.
Page 85 - Corporation, or (2) passes, utters, or publishes, or attempts to pass, utter, or publish, any false, forged, or counterfeited...
Page 39 - State' includes the several States and Alaska, Hawaii, Puerto Rico, the District of Columbia, and the Virgin Islands. "SEC.