Federal Credit Unions: Hearings Before Subcommittee No.3 of ... , 86-1, May 11, 12, and 13, 1959

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Δημοφιλή αποσπάσματα

Σελίδα 41 - Every credit union is a cooperative institution organized "for the purpose of promoting thrift among its members and creating a source of credit for provident or productive purposes.
Σελίδα 42 - ... (7) to invest its funds (A) in loans exclusively to members; (B) in obligations of the United States of America, or securities fully guaranteed as to principal and interest thereby; (C) in accordance with rules and regulations prescribed by the...
Σελίδα 50 - Act to establish a Federal Credit Union System, to establish a further market for securities of the United States and to make more available to people of small means credit for provident purposes through a national system of cooperative credit, thereby helping to stabilize the credit structure of the United States.
Σελίδα 51 - States, and a bill embodying such compromise was presented to the Committee on Banking and Currency of the House of Representatives on...
Σελίδα 23 - ... the power to approve loans up to the unsecured limit, or in excess of such limit if such excess is fully secured by unpledged shares. Each loan officer shall furnish to the credit committee a record of each loan approved or not approved by him within seven days of the date of the filing of the application therefor. All loans not approved by a loan officer shall be acted upon...
Σελίδα 54 - States or any institution the accounts of which are insured by the Federal Savings and Loan Insurance Corporation...
Σελίδα 43 - Federal credit union membership shall be limited to groups having a common bond of occupation, or association, or to groups within a well-defined neighborhood, community, or rural district.
Σελίδα 45 - No loan shall be made unless approved by a majority of the entire committee and by all of the members of the committee who are present at the meeting at.
Σελίδα 44 - At their first meeting after the annual meeting of the members, the directors shall elect from their number a president, one or more vice presidents, a secretary, and a treasurer, who shall be the executive officers of the corporation. No executive officer, except the treasurer, shall be compensated as such. The offices of secretary and treasurer may be held by the same person.
Σελίδα 49 - Board or the Bureau of Federal Credit Unions, Department of Health, Education, and Welfare...

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