NRS 672.870 – Voting representatives.
1. The board of each credit union that becomes a member of a central credit union shall designate one person to be its voting representative in the central credit union. 2. The voting representative of a member credit union is eligible to hold office in the central credit union. (Added to NRS by 1975, 393; […]
NRS 672.875 – Regular reserves.
1. Before the payment of any dividend by a central credit union, a regular reserve against loan losses shall be set aside according to the following schedule: (a) Until the regular reserve equals 5 percent of the outstanding loans and risk assets, 2 percent of the gross earnings shall be withheld. (b) Whenever the regular […]
NRS 672.880 – Use of words “credit union” or conducting business as credit union by person not organized as credit union; spreading false report concerning management or finances of credit union.
1. Any person, except a credit union organized under the provisions of this chapter or the Nevada Credit Union League, which uses a name or title containing the words “credit union” or any derivation thereof or representing themselves in their advertising or otherwise as conducting business as a credit union is guilty of a gross […]
NRS 672.890 – Administrative fines.
In addition to any other remedy or penalty, the Commissioner may impose an administrative fine of not more than $10,000 upon a person who: 1. Without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter; or 2. Violates any provision of this chapter or […]
NRS 672.860 – Membership.
The membership for a central credit union may consist of: 1. Credit unions; 2. The Nevada Credit Union League, Inc.; and 3. Organizations affiliated with the Nevada Credit Union League, Inc. (Added to NRS by 1975, 393; A 1977, 892)—(Substituted in revision for NRS 678.860)
NRS 672.780 – Annual financial report.
Every credit union organized under this chapter shall submit an annual financial report for the calendar year to the Commissioner on or before the first day of February on forms supplied by him or her for that purpose. (Added to NRS by 1975, 390; A 1983, 1328, 1837; 1987, 2021)—(Substituted in revision for NRS 678.780)
NRS 672.790 – Examinations and audits; exceptions; fees.
1. The Commissioner shall make a thorough examination of and into the affairs of each credit union organized under the provisions of this chapter, as often as the Commissioner may deem necessary, but at least once within each 18-month period. In lieu thereof, the Commissioner may accept any or all of a report of an […]
NRS 672.795 – Independent audit and examination: Payment of assessment; cooperation.
Each credit union shall pay the assessment levied pursuant to NRS 658.055 and cooperate fully with the audits and examinations performed pursuant thereto. (Added to NRS by 1987, 827)—(Substituted in revision for NRS 678.795)
NRS 672.800 – Merger; fees set by regulation; regulations.
1. Any credit union may, with the approval of the Commissioner, merge with another credit union under the existing charter of the other credit union, pursuant to any plan agreed upon by the majority of the board of each credit union joining in the merger and approved by the affirmative vote of: (a) A majority […]
NRS 672.810 – Conversions; fee set by regulation.
1. A credit union chartered in accordance with the laws of this state may be converted to a credit union chartered in accordance with the laws of any other state or the laws of the United States, subject to regulations adopted by the Commissioner. 2. A credit union chartered in accordance with the laws of […]