Utah Admin. Code 337-2-3

Current through Bulletin 2024-23, December 1, 2024
Section R337-2-3 - Conversion Application
(1) The applicant must file an application on a form acceptable to the department.
(2) As part of the application the following documents or information must be provided:
(a) Year to date financial statements for the most recent month end:
(b) Delinquent loan schedule annotated to reflect collection problems as of the most recent month end;
(c) Explanation and appropriate documents relative to any changes in insurance of member accounts;
(d) Resolution of the board of directors approving the proposed conversion;
(e) Sample of the Notice of Special Meeting of the Members;
(f) Sample of the ballot to be sent to members; and
(g) Approval of the conversion from the National Credit Union Administration.

Utah Admin. Code R337-2-3