Vermont Statutes
Chapter 221 - Organization and Management of Credit Union
§ 31405. Suspension of services

§ 31405. Suspension of services
A credit union may suspend or limit the use of services to credit union members who have caused a loss to the credit union, who have violated the membership agreement or any policy adopted by the governing body, or who are physically or verbally abusive to credit union members or staff. Members with suspended or limited services may maintain a share account and may continue to vote at annual and special membership meetings. (Added 2005, No. 16, § 1, eff. July 1, 2005.)

Structure Vermont Statutes

Vermont Statutes

Title 8 - Banking and Insurance

Chapter 221 - Organization and Management of Credit Union

§ 31101. Application to organize

§ 31102. Issuance of certificate of approval; refusal to issue certificate of approval

§ 31103. Requirements to commence business; minimum initial share deposits; certificate of authority

§ 31104. Submission to Secretary of State

§ 31105. Payment of share deposits

§ 31106. Certificate to commence business; insurance; bond

§ 31107. Failure to commence business

§ 31108. Amendment to articles of incorporation

§ 31201. Bylaws; amendment of bylaws

§ 31202. Credit union name

§ 31301. Number and election of directors

§ 31302. Duties of governing body

§ 31303. Executive committee

§ 31304. Meetings of governing body

§ 31305. Officers

§ 31306. Supervisory committee

§ 31307. Credit committee; credit manager

§ 31308. Duties of officers, directors, and committee members

§ 31309. Oaths of office; certificate of election

§ 31310. Prohibited management interlocks

§ 31311. Suspension and removal

§ 31312. Vacancies

§ 31313. Conflict of interest

§ 31314. Compensation; insurance; expenses

§ 31401. Field of membership

§ 31402. Membership application

§ 31403. Liability of members

§ 31404. Membership termination

§ 31405. Suspension of services

§ 31406. Meetings of members

§ 31407. Special membership meetings

§ 31408. Notice to members of annual and special meeting

§ 31501. Net worth

§ 31502. Regular reserve account

§ 31503. Allowance for loan and lease loss

§ 31504. Unrealized gain or loss on available for sale securities

§ 31505. Additional or special reserves

§ 31506. Dividends to shareholders; conditions precedent

§ 31507. Standards

§ 31601. Share insurance

§ 31602. Bonds and insurance

§ 31701. General application

§ 31702. Organization

§ 31703. Membership

§ 31704. Purposes

§ 31705. Powers

§ 31706. Reserves