3 Colo. Code Regs. § 703-3-9.1
Current through Register Vol. 47, No. 22, November 25, 2024
Section 3 CCR 703-3-9.1 - Directors' Policies and Business Plan(a) The board of directors of each credit union shall establish sufficient written policies to guide the credit union's operations. The directors shall annually review and revise, as necessary, all policies previously established. All policies of the board of directors and the current bylaws shall be made available for inspection at the office of the credit union by any member during normal business hours.(b) In carrying out their statutory responsibility for the general management of the affairs of the credit union, the board of directors also shall adopt a written business plan that specifies the credit union's operating goals and details the strategies to achieve the credit union's goals. The content of the business plan shall be commensurate with the size and complexity of operations of the credit union. The directors' adoption of a business plan and any amendments thereto shall be recorded in the minutes of the board of directors. C.R.S. 11-30-10939 CR 15, August 10, 2016, effective 9/1/2016