Florida Statutes
Title XXXVIII - Banks and Banking
Chapter 657 - Credit Unions

657.001 - Short Title. - History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318;...

657.002 - Definitions. - (1) “Capital” means shares, deposits, and equity. (2) “Corporate credit...

657.003 - Purposes. - History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318;...

657.005 - Application for Authority to Organize a Credit Union; Investigation. - (1) The proposed organizers of the proposed credit union shall...

657.0061 - Amendments to Bylaws. - (1) All bylaw amendments must be submitted to the office....

657.008 - Place of Doing Business. - (1) A credit union authorized to transact business pursuant to...

657.021 - Board of Directors; Executive Committee Responsibilities; Oaths; Reports to the Office. - (1) The credit union shall have a board of directors...

657.022 - Executive Officers. - (1) At the organizational meeting and within 31 days following...

657.023 - Membership. - (1) Upon payment of any required entrance or membership fee,...

657.024 - Membership Meetings. - (1) The members shall receive timely notice of the annual...

657.026 - Supervisory or Audit Committee. - (1) There shall be a supervisory or audit committee of...

657.0265 - Liability of Credit Union Directors, Supervisory Committee Members, or Audit Committee Members. - (1) A director of a credit union organized under state...

657.027 - Credit Committee and Credit Manager. - (1) The board of directors may appoint or the members...

657.028 - Activities of Directors, Officers, Committee Members, Employees, and Agents. - (1) An individual may not disburse funds of the credit...

657.031 - Powers. - (1) When not in direct conflict with or superseded by...

657.033 - Accounts. - (1) Shares may be paid for and transferred in such...

657.0335 - Additional Power to Restrict Withdrawals. - History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318;...

657.038 - Loan Powers. - (1) A credit union may extend credit to members for...

657.039 - Loan Powers; Extension of Credit to Directors and Certain Others. - (1) A credit union may extend credit to its executive...

657.041 - Insurance; Employee Benefit Plans. - (1) A credit union may purchase for or make available...

657.042 - Investment Powers and Limitations. - (1) INVESTMENTS NOT SUBJECT TO LIMITATIONS.—There is no limitation with...

657.043 - Reserves. - (1) ALLOWANCE FOR LOAN LOSSES ACCOUNT.—The credit union shall maintain...

657.053 - Assessments; State Credit Unions. - History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318;...

657.062 - Conservatorship. - (1) The office may appoint the National Credit Union Administration...

657.063 - Involuntary Liquidation. - (1) If the office finds that any credit union is...

657.064 - Voluntary Liquidation. - (1) Before considering any resolution pertaining to voluntary liquidation by...

657.065 - Merger. - (1) Upon the filing of an application with the office...

657.066 - Conversion From State Credit Union to Federal Credit Union and Conversely. - (1) Any action by the board of directors proposing conversion...