Current through L. 2024, ch. 259
Section 6-523 - Membership applicationsA. The board of directors shall act on applications for membership or appoint one or more membership officers to approve applications for membership. A credit union may deny membership based on policies established by the board of directors. A person denied membership by a membership officer may appeal the denial to the board of directors within thirty days after the denial.B. A credit union may impose onetime or periodic membership fees under the conditions the bylaws provide.Amended by L. 2024, ch. 82,s. 7, eff. 9/14/2024.