This release applies to all credit unions, state and federal. It describes the rules limiting officers, directors, or even employee’s activities where there is a conflict of interest.
Contents:
- What is a conflict of interest?
- Bylaws
- Oath of office
- Code of conduct
- NCUA examiner’s guide – conflicts of interest
- Indemnification limitations for Wisconsin credit unions
- Conflict of interest transaction not necessarily voidable
- Management official interlocks – prohibitions
- Consumer harm from production incentives
- Criminal offenses
- FCU credit union service organizations (CUSOs)
- FCU ownership of fixed assets – prohibited transactions
- FCU investment activities – conflicts of interest
- FCU incidental powers
- Insurance commissions
- Prohibited member business loans
- FCU member business loans – prohibited activities
- Loans and lines of credit to officials – non-preferential treatment
- Non-preferential loan treatment for officials
- Loans to members – prohibited commissions, fees, or other compensation
- Reg. Z loan originator compensation