ARTICLE 5. Credit Committee and Loan Officers [14600. - 14605.]

Article 5 added by Stats. 1979, Ch. 112.

§§ 14600–14605 · 6 sections

• § 14600 Every credit union shall have a credit committee of at least three persons, each of whom shall be a member of the credit union, or in the alternative, a credit…
• § 14601 No member of the credit committee or the credit manager or any loan officer shall serve as a member of the supervisory committee.
• § 14602 (a) (1) No credit union shall create any obligation with a credit union member, without the written approval of a majority of all the members of the credit…
• § 14603 The credit committee, the credit manager, or a loan officer may approve in advance, upon their own motion or upon the application of any member, the extension…
• § 14604 A credit union member whose written application to enter into any obligation is denied, may appeal from the denial of the credit committee, the credit manager,…
• § 14605 A credit manager shall not disburse or have the authority to authorize any person to disburse the proceeds of any loan. A credit manager shall not authorize or…