186.34 Federal share insurance.
(1) Insurance required. No credit union may accept any deposit from any person other than an incorporator before the credit union has received a certificate of share insurance issued by the national board.
(4) Certificate filing. Every credit union that receives a certificate of insurance from the national board shall file a copy of the certificate with the office of credit unions within 30 days after the credit union receives the certificate.
(5) Insurance to be maintained. Notwithstanding any other provision of this chapter, every credit union, other than a corporate central credit union, shall take, and a corporate central credit union may take, every action lawfully required to maintain federal share insurance coverage in full force and effect, and shall refrain or desist from taking any action that is likely to cause termination of federal share insurance coverage.
History: 1985 a. 29; 1987 a. 27; 1995 a. 27; 1995 a. 151 ss. 278 to 282, 304.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
186.015 - Credit union review board.
186.02 - Incorporation, bylaws, amendment, fees.
186.03 - Use of name exclusive.
186.035 - Deceptive or misleading use of credit union name, logo, or symbol.
186.06 - Membership meetings, fiscal year.
186.08 - Officers, management.
186.082 - Definitions applicable to indemnification and insurance provisions.
186.083 - Mandatory indemnification.
186.084 - Determination of right to indemnification.
186.085 - Allowance of expenses as incurred.
186.086 - Credit union may limit indemnification.
186.087 - Additional rights to indemnification and allowance of expenses.
186.088 - Court-ordered indemnification.
186.089 - Indemnification and allowance of expenses of employees and agents.
186.093 - Definitions applicable to liability-related provisions.
186.094 - Reliance by directors or officers.
186.095 - Consideration of interests in addition to members' interests.
186.096 - Limited liability of directors and officers.
186.10 - Minors' rights; shares in trust.
186.112 - Credit union borrowing.
186.113 - Credit union powers.
186.114 - Savings promotion prize programs.
186.115 - Additional credit union authority.
186.116 - Financially related services tie-ins.
186.118 - Incidental powers parity with federal credit unions.
186.12 - Compensation of officers, operation expenses.
186.14 - Expelled member rights and liabilities.
186.19 - Bonding requirements.
186.21 - Credit unions promoted.
186.235 - Office of credit unions.
186.315 - Charter cancellation.
186.32 - Corporate central credit union.
186.325 - National corporate central credit union.
186.34 - Federal share insurance.
186.36 - Sale of insurance in credit unions.
186.41 - Interstate acquisitions and mergers of credit unions.
186.45 - Non-Wisconsin credit union, Wisconsin offices.
186.52 - Customer access to appraisals.
186.53 - Customer access to credit reports.
186.70 - Record search; members' inspection of records.