Chapter 1. Credit Unions
- 28-7-1-0.1. Application of certain amendments to chapter
- 28-7-1-0.5. Definitions
- 28-7-1-1. Persons authorized to organize; application;
articles of incorporation
- 28-7-1-2. Repealed
- 28-7-1-3. Bylaws; requirement to commence business;
form
- 28-7-1-4. Bylaws; contents
- 28-7-1-5. Repealed
- 28-7-1-6. Repealed
- 28-7-1-7. Amendment of articles
- 28-7-1-8. Unauthorized use of name "credit union";
violations
- 28-7-1-9. Powers; investments; maintenance of files;
authority to purchase and hold life insurance
- 28-7-1-9.1. Sale of life insurance policy or annuity contract;
prohibitions
- 28-7-1-9.2. Request to exercise rights and privileges granted
to federal credit unions; appeal
- 28-7-1-10. Membership; identification; qualified groups;
membership cards
- 28-7-1-10.1. Illegal members; purging of accounts; loans not
affected
- 28-7-1-10.5. Repealed
- 28-7-1-10.6. Issuing shares in a revocable or irrevocable trust;
conditions
- 28-7-1-11. Quarterly call report of credit union's condition;
civil penalty for failure to report; information in
report
- 28-7-1-12. Examinations of credit unions and affiliates;
recognition of CPA audit; examination of vendors
- 28-7-1-13. Repealed
- 28-7-1-14. Fiscal year; membership meetings; voting rights
- 28-7-1-15. Selection of board of directors, supervisory
committee, and credit committee; oath; term
length; replacement of chief executive officer;
qualification criteria
- 28-7-1-16. Board of directors; board officers; credit union
officers; board meetings; executive committee;
directors' duties; loan officers; delegation of
duties; suspension or removal of officer; action
by written consent
- 28-7-1-16.5. Conflicts of interest; disqualification; directors;
committee members
- 28-7-1-17. Loans to members; application; terms and
conditions; loans secured by real estate;
participation loans; indemnifying or second
mortgage on real estate
- 28-7-1-17.1. Loans to directors and committee members;
terms and conditions; lines of credit; application
of federal regulation; delinquent loans
- 28-7-1-17.2. Loans to officers; terms and conditions;
applicability of lending limits; department's
authority to apply federal regulation
- 28-7-1-17.3. Quarterly report of outstanding indebtedness of
officers, directors, and committee members;
retention; contents
- 28-7-1-17.5. Signature limits
- 28-7-1-18. Duties and powers of supervisory committee;
audits; meeting minutes
- 28-7-1-19. Capital; lien on shares; transfer of shares; use of
secondary capital by federal credit unions
- 28-7-1-20. Repealed
- 28-7-1-20.1. Issuance of shares; joint tenancy; deposits,
investments, and withdrawals by minors
- 28-7-1-21. Repealed
- 28-7-1-22. Authority to borrow; limits; authority to receive
public deposits and pledge securities
- 28-7-1-23. Loans to members; purposes; repayment plans;
direct deposit
- 28-7-1-24. Regular reserve requirements; undivided profits
account; financial statements; allowances for loan
and investment losses
- 28-7-1-24.1. Repealed
- 28-7-1-25. Dividends
- 28-7-1-26. Repealed
- 28-7-1-26.3. Termination of membership; termination or
suspension of services to member; withdrawal
from membership; notice
- 28-7-1-26.5. Refusal to make payment from account
- 28-7-1-27. Repealed
- 28-7-1-27.1. Dissolution
- 28-7-1-28. Change of place of business
- 28-7-1-29. Conversion from federal to state charter;
conversion from state to federal charter;
procedures and requirements
- 28-7-1-30. Repealed
- 28-7-1-31. Fidelity coverage for directors, officers, and
employees; blanket fidelity bond or separate
reserve fund required
- 28-7-1-31.3. Credit union officials; discharge of duties;
indemnification
- 28-7-1-31.5. Insurance; examinations
- 28-7-1-32. Repealed
- 28-7-1-33. Merger of credit unions; submission of
resolutions and joint agreement to department;
approval or disapproval; shareholder vote;
articles of merger
- 28-7-1-33.1. Merger of credit unions; surviving credit union
organized under federal or other state law;
department approval not required
- 28-7-1-34. Out-of-state credit unions; branch offices in
Indiana; approval of department or exemption
from approval; field of membership; application;
denial, suspension, or revocation of application;
compliance; examinations; agreements between
department and other supervisory agencies
- 28-7-1-35. Effect of amendments by Acts 1974, P.L.130
- 28-7-1-36. ATM ownership
- 28-7-1-37. Withdrawal of deposits
- 28-7-1-38. Requirement to provide property tax information
in certain transactions
- 28-7-1-39. Limits on loans to members; exceptions;
prohibition against accepting compensation for
procuring loan; exception for bona fide
employment or compensation agreements;
deadline for compliance
