The League – Fostering Financial Wellbeing for All

Wis. Admin. Code: DFI-CU 61.04

Credit Union Purchase or Acquisition of Interests in Credit Sales Transactions. 
61.04 Dealer financial statements. Credit unions purchasing member interests in credit sales transactions made with recourse must secure annual sworn financial statements from each participating seller until the purchased interests have been paid. These sworn financial statements are to be retained by the credit union for review by departmental examiners.