Iowa Admin. Code r. 189-15.5

Current through Register Vol. 47, No. 5, September 4, 2024

Rule 189-15.5 - Annual reporting requirements

By resolution, a copy of which shall be furnished to the superintendent, the board of directors shall commit the credit union to furnish to the superintendent the following:

(1) The names of the officers, within 15 days after the board of directors elects the officers of the credit union. At this time, the credit union shall also notify the superintendent of the names of the board of directors, the members and alternate members of the credit committee and the members of the supervisory committee. Such reporting may be done by providing copies of the oath of directors or whatever form the credit union uses to report such information to the regulator of their state.

(2) The names of the directors, officers, members and alternate members of the credit committee and members of the supervisory committee within 15 days of any change. Such reporting shall be done as outlined in 15.5(1).

(3) The names, addresses and telephone numbers of the person(s) managing each branch office in this state within 15 days of any change.

(4) Reports of annual audits or examinations, on a continuing basis, performed by the applicable regulatory or supervisory agency within 30 days of receipt by the credit union and copies of any responses to those reports at the time they are sent to the agency.

(5) All amendments to the articles of incorporation, bylaws and the field of membership within 30 days of adoption and approved by the applicable regulatory or supervisory agency.

(6) Should the branch office be closed such action shall be reported to the superintendent at least 30 days prior to the actual closing.

Iowa Admin. Code r. 189-15.5