Added by Stats. 1996, Ch. 1064, Sec. 577. Effective January 1, 1997. Operative July 1, 1997.
There is established in the department a Credit Union Advisory Committee.
Article 5 - Credit Union Advisory Committee
California Financial Code — §§ 14380-14384
Sections (5)
Amended by Stats. 2022, Ch. 452, Sec. 117. (SB 1498) Effective January 1, 2023.
The Credit Union Advisory Committee shall advise the commissioner and the Deputy Commissioner of Financial Protection and Innovation for the Office of Credit Unions on matters relating to credit unions or the credit union business.
Amended by Stats. 2014, Ch. 401, Sec. 30. (AB 2763) Effective January 1, 2015.
(a)The Credit Union Advisory Committee consists of seven members.
(b)The members of the Credit Union Advisory Committee shall be appointed by the Secretary of Business, Consumer Services, and Housing.
(c)The term of a member of the Credit Union Advisory Committee is two years. However, a member may be reappointed.
(d)Membership in the Credit Union Advisory Committee is voluntary. No person is required to accept an appointment to the Credit Union Advisory Committee, and any member may resign by filing a resignation with the commissioner.
(e)No member of the Credit Union Advisory Committee shall receive any compensation, reimbursement for expenses, or other payment from the state in connection with service on the Credit Union Advisory Committee.
Added by Stats. 1996, Ch. 1064, Sec. 577. Effective January 1, 1997. Operative July 1, 1997.
The Credit Union Advisory Committee shall meet at least once each calendar quarter.
Added by Stats. 1996, Ch. 1064, Sec. 577. Effective January 1, 1997. Operative July 1, 1997.
The commissioner may by order or regulation prescribe rules governing the Credit Union Advisory Committee and its members, including such matters as meetings, quorum, and actions.