DFI-CU 72.15 Note Example: The credit union’s charter, bylaws, business plan, field of membership, board minutes and loan portfolio.

DFI-CU 72.15 History History: CR 02-034: cr. Register August 2002 No. 560, eff. 9-1-02.

DFI-CU 72.16 DFI-CU 72.16 Obtaining an exception.

DFI-CU 72.16(1) (1) The exception under s. DFI-CU 72.15 (1) and (2) shall be effective upon written notice to the director of such designation or participation.

DFI-CU 72.16(2) (2) To obtain an exception under s. DFI-CU 72.15 (3), a credit union shall submit its request to the director. An exception shall not be effective until approved by the director. The exception request shall include documentation demonstrating that the credit union meets the criteria for the exception. The exception shall not expire unless revoked for safety and soundness reasons by the director.

DFI-CU 72.16(3) (3) The director shall promptly notify the applicable region of the NCUA of his or her decision on the request.

DFI-CU 72.16 History History: CR 02-034: cr. Register August 2002 No. 560, eff. 9-1-02.

DFI-CU 72.17 DFI-CU 72.17 Record keeping requirements. A credit union shall separately identify member business loans in its records. On its financial reports, a credit union shall identify member business loans in the aggregate.

DFI-CU 72.17 History History: CR 02-034: cr. Register August 2002 No. 560, eff. 9-1-02.