|
SB 932 - Under current law, a credit union supervisory committee is required to make a direct verification of members' share and loan accounts once every two years with a reasonable statistical sampling of members accounts being made in alternate years. This act removes that provision and instead requires that a credit union supervisory committee make a verification of members' share and loan accounts in the same manner and with the same frequency as required by federal law for federal credit unions. This act is identical to HB 1721 (2016). SCOTT SVAGERA
|
