Okla. Admin. Code § 180:10-1-12

Current through Vol. 42, No. 8, January 2, 2025

Section 180:10-1-12 - Reporting changes in executive officers, directors and committee members

(a) Every credit union shall report to the Commissioner within 30 days any change for whatever reason in the credit union's executive officers, directors and committee members and as part of such report, shall provide the name, home and business addresses (no P.O. Boxes), current occupation or business and shall indicate whether they have previously or are now serving on the board of or have been employed by a federally insured or state chartered financial institution and if so, shall identify by name and location (city and state) each such institution.

(b) In the event a notice of change is to be submitted to the NCUA pursuant to the requirements of the Federal Credit Union Act, copies of the same shall at the same time as they are provided to the NCUA, be provided to the Commissioner.

(c) Definitions for the following terms as used in this Section are:

(1) "Committee members" shall mean those members of the committees identified in Title 6 O.S. § 2010(D) &(E), as members of the credit committee and supervisory committee.

(2) "Executive officers" shall include all board members, the manager of the credit union (whatever his/her title), the secretary, the treasurer, the credit manager, and any other officer in charge of credit union operations.

Okla. Admin. Code § 180:10-1-12

Added at 11 Ok Reg 4185, eff 7-25-94; Amended at 26 Ok Reg 1413, eff 6-11-09