Indiana Code
Article 7. Specialized Financial Institutions
Chapter 1. Credit Unions

28-7-1-9. Powers; Investments; Maintenance of Files; Authority to Purchase and Hold Life Insurance - Sec. 9. (a) A credit union has the following powers:...

28-7-1-9.1. Sale of Life Insurance Policy or Annuity Contract; Prohibitions - Sec. 9.1. (a) A credit union or a related credit...

28-7-1-9.2. Request to Exercise Rights and Privileges Granted to Federal Credit Unions; Appeal - Sec. 9.2. (a) As used in this section, "rights and...

28-7-1-10. Membership; Identification; Qualified Groups; Membership Cards - Sec. 10. (a) The membership of credit unions shall be...

28-7-1-10.1. Illegal Members; Purging of Accounts; Loans Not Affected - Sec. 10.1. The department shall consider a person, a firm,...

28-7-1-10.5. Repealed - As added by P.L.35-2010, SEC.152. Repealed by P.L.89-2011, SEC.78.

28-7-1-10.6. Issuing Shares in a Revocable or Irrevocable Trust; Conditions - Sec. 10.6. A credit union may issue shares in a...

28-7-1-11. Quarterly Call Report of Credit Union's Condition; Civil Penalty for Failure to Report; Information in Report - Sec. 11. Each credit union shall make a call report...

28-7-1-12. Examinations of Credit Unions and Affiliates; Recognition of Cpa Audit; Examination of Vendors - Sec. 12. (a) Every credit union and every affiliate of...

28-7-1-13. Repealed - Formerly: Acts 1961, c.182, s.13. Repealed by P.L.263-1995, SEC.31.

28-7-1-14. Fiscal Year; Membership Meetings; Voting Rights - Sec. 14. A credit union fiscal year shall end at...

28-7-1-15. Selection of Board of Directors, Supervisory Committee, and Credit Committee; Oath; Term Length; Replacement of Chief Executive Officer; Qualification Criteria - Sec. 15. (a) At the annual meeting, the members shall...

28-7-1-16. Board of Directors; Board Officers; Credit Union Officers; Board Meetings; Executive Committee; Directors' Duties; Loan Officers; Delegation of Duties; Suspension or Removal of Officer; Action by Written Consent - Sec. 16. (a) Not more than thirty (30) business days...

28-7-1-16.5. Conflicts of Interest; Disqualification; Directors; Committee Members - Sec. 16.5. (a) This section governs the participation of board...

28-7-1-17. Loans to Members; Application; Terms and Conditions; Loans Secured by Real Estate; Participation Loans; Indemnifying or Second Mortgage on Real Estate - Sec. 17. (a) Every loan application shall be submitted on...

28-7-1-17.1. Repealed - As added by P.L.141-2005, SEC.17. Amended by P.L.90-2008, SEC.42; P.L.35-2010,...

28-7-1-17.2. Extensions of Credit to Officers, Directors, or Supervisory Committee Members; Applicability of Federal Regulation; Delinquencies by Directors or Committee Members; Waiver - Sec. 17.2. (a) A credit union may extend credit to:...

28-7-1-17.3. Quarterly Report of Outstanding Indebtedness of Officers, Directors, and Committee Members; Retention; Contents - Sec. 17.3. At least quarterly, the president or manager shall...

28-7-1-17.5. Signature Limits - Sec. 17.5. The credit committee or loan officer may approve...

28-7-1-18. Duties and Powers of Supervisory Committee; Audits; Meeting Minutes - Sec. 18. (a) The supervisory committee shall cause the share...

28-7-1-19. Capital; Lien on Shares; Transfer of Shares; Use of Secondary Capital by Federal Credit Unions - Sec. 19. The capital of a credit union shall consist...

28-7-1-20. Repealed - Formerly: Acts 1961, c.182, s.20. As amended by Acts 1973,...

28-7-1-20.1. Issuance of Shares; Joint Tenancy; Deposits, Investments, and Withdrawals by Minors - Sec. 20.1. (a) Shares may be issued as the bylaws...

28-7-1-21. Repealed - Formerly: Acts 1961, c.182, s.21. Repealed by Acts 1971, P.L.366,...

28-7-1-22. Authority to Borrow; Limits; Authority to Receive Public Deposits and Pledge Securities - Sec. 22. (a) A credit union may borrow from any...

28-7-1-23. Loans to Members; Purposes; Repayment Plans; Direct Deposit - Sec. 23. (a) A credit union may make loans to...

28-7-1-24. Regular Reserve Requirements; Undivided Profits Account; Financial Statements; Allowances for Loan and Investment Losses - Sec. 24. (a) All entrance charges shall, after payment of...

28-7-1-24.1. Repealed - As added by P.L.35-2010, SEC.164. Repealed by P.L.186-2015, SEC.39.

28-7-1-25. Dividends - Sec. 25. Dividends may be declared by the board of...

28-7-1-26. Repealed - Formerly: Acts 1961, c.182, s.26. As amended by P.L.263-1985, SEC.179;...

28-7-1-26.3. Termination of Membership; Termination or Suspension of Services to Member; Withdrawal From Membership; Notice - Sec. 26.3. (a) A credit union board may terminate the...

28-7-1-26.5. Refusal to Make Payment From Account - Sec. 26.5. (a) A credit union may refuse to make...

28-7-1-27. Repealed - Formerly: Acts 1961, c.182, s.27. Repealed by Acts 1977, P.L.294,...

28-7-1-27.1. Dissolution - Sec. 27.1. A credit union may liquidate its affairs and...

28-7-1-28. Change of Place of Business - Sec. 28. A credit union may: (1) with department approval;...

28-7-1-29. Conversion From Federal to State Charter; Conversion From State to Federal Charter; Procedures and Requirements - Sec. 29. Any credit union organized or reorganized under the...

28-7-1-30. Repealed - Formerly: Acts 1961, c.182, s.30. As amended by P.L.263-1985, SEC.181....

28-7-1-31. Fidelity Coverage for Directors, Officers, and Employees With Access to Money or Bonds; Blanket Fidelity Bond or Separate Reserve Fund Required - Sec. 31. Every credit union shall make provisions for adequate...

28-7-1-31.3. Credit Union Officials; Discharge of Duties; Indemnification - Sec. 31.3. (a) As used in this section, "official" means...

28-7-1-31.5. Insurance; Examinations - Sec. 31.5. (a) Before transacting business in Indiana, a credit...

28-7-1-32. Repealed - Formerly: Acts 1961, c.182, s.33. As amended by Acts 1976,...

28-7-1-33. Merger of Credit Unions; Submission of Resolutions and Joint Agreement to Department; Approval or Disapproval; Shareholder Vote; Articles of Merger - Sec. 33. (a) Except as provided in section 33.1 of...

28-7-1-33.1. Merger of Credit Unions; Surviving Credit Union Organized Under Federal or Other State Law; Department Approval Not Required - Sec. 33.1. The approval of the department of the merger...

28-7-1-34. Out-of-State Credit Unions; Branch Offices in Indiana; Approval of Department or Exemption From Approval; Field of Membership; Application; Denial, Suspension, or Revocation of Application; Compliance; Examinations; Agreements Between Depa... - Sec. 34. (a) A credit union organized under the laws...

28-7-1-35. Effect of Amendments by Acts 1974, p.l.130 - Sec. 35. (a) This section applies to a credit union...

28-7-1-36. Atm Ownership - Sec. 36. An automated teller machine (ATM) may be owned...

28-7-1-37. Withdrawal of Deposits - Sec. 37. All members, regardless of age, may become depositors...

28-7-1-38. Requirement to Provide Property Tax Information in Certain Transactions - Sec. 38. With respect to a residential real property financing...

28-7-1-39. Limits on Loans to Members; Exceptions; Prohibition Against Accepting Compensation for Procuring Loan; Exception for Bona Fide Employment or Compensation Agreements; Deadline for Compliance - Sec. 39. (a) As used in this section, "loans and...

Next >>

Indiana Code Article 7. Specialized Financial Institutions Chapter 1. Credit Unions

Indiana Code
Article 7. Specialized Financial Institutions
Chapter 1. Credit Unions