The League – Fostering Financial Wellbeing for All

Wis. Stats: 186 Credit Unions (state-chartered only) as regarding accounts and nonmember loans

186.113 Credit union powers. A credit union may:

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(13) MULTIPARTY ACCOUNTS. Issue multiple accounts in joint tenancy with any person designated by the member. The person first named on the account shall be a member of the credit union. A nonmember named in the joint account shall not acquire the right to vote, obtain loans or hold office because of the nonmember’s inclusion in the joint account.

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