1. A central credit union may be organized and operated under the provisions of this chapter by any three credit unions incorporated within this state. A central credit union is subject to all provisions not inconsistent with this section and shall use the term “central” in its official name. 2. A central credit union has […]
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)
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; […]
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 […]
