§ 30202. Fees and Department expenses
§ 30202. Fees and Department expenses The provisions of sections 18 and 19 of this title shall apply to credit unions in the same manner as they apply to financial institutions. Except for fees related to the formation of a credit union, formation of a credit union service organization, and formation of a corporate credit […]
§ 30203. Rules and regulations
§ 30203. Rules and regulations The Commissioner may adopt rules as may be necessary for the proper conduct of credit unions organized or operating under chapters 220–226 of this title. (Added 2005, No. 16, § 1, eff. July 1, 2005; amended 2021, No. 105 (Adj. Sess.), § 319, eff. July 1, 2022.)
§ 30301. Office hours
§ 30301. Office hours (a) A credit union shall establish the days and hours its offices are open for business. The credit union’s governing body is responsible for determining the scope of operations of each office, including the services to be provided and the days and hours of operation. (b) A credit union shall post […]
§ 30302. Closing for cause
§ 30302. Closing for cause A credit union may temporarily close any of its offices for reasons that include good cause, extreme weather conditions, and community events. If a credit union temporarily closes any of its offices for all or any part of a day it is normally open for business, the credit union shall […]
§ 30303. Emergency closing by credit union
§ 30303. Emergency closing by credit union If an emergency arises or is so imminent and immediate as to interfere with or threaten the conduct of normal business transactions or the safety and welfare of a credit union’s plant, assets, or personnel, the credit union officer or official in charge of any office open to […]
§ 30401. Preservation of records
§ 30401. Preservation of records (a) A Vermont credit union and any state-chartered credit union with an office in this State shall keep such books, accounts, and records relating to all of its transactions that will enable the Commissioner to ensure full compliance with the laws of this State. Each such credit union shall retain […]
§ 30501. Financial reports
§ 30501. Financial reports (a) The Commissioner shall require each credit union to submit a quarterly report of its condition within 30 days of the end of each calendar quarter in such manner and on such forms as the Commissioner may require. Reports shall be verified to be true, correct, and complete by the oath […]
§ 30502. Periodic reports from state credit unions with an office or activity in this State
§ 30502. Periodic reports from state credit unions with an office or activity in this State (a) The Commissioner may require periodic reports from any state-chartered credit union that has established and maintains an office in this State or that conducts any activity in this State. (b) Any reporting requirements prescribed by the Commissioner under […]
§ 30503. Exemption from annual report to Secretary of State
§ 30503. Exemption from annual report to Secretary of State Vermont credit unions shall not be required to make any annual report to the Vermont Secretary of State. (Added 2005, No. 16, § 1, eff. July 1, 2005.)
§ 30601. Examinations
§ 30601. Examinations (a) The Commissioner shall conduct a regular examination of the condition of each Vermont credit union at least once every three years or more frequently as the Commissioner deems prudent. (b) The Commissioner may at any time conduct a special examination or may expand the scope of any regular examination. An entity […]