Member inspection of credit union books, records, and minutes.

CFR · 2024-01-01 · US · Title 12

(a) (1) Accounting books and records; and (2) Minutes of the proceedings of the credit union's members, board of directors, and committees of directors. (b) (c) (2) Inspection may be made in person or by agent or attorney and at any reasonable time or times. The credit union may, at its option, skip inspection and deliver copies of requested documents (3) If the credit union denies inspection because the petitioners have failed to obtain the minimum number of valid signatures, the credit union must inform the petitioners which signatures were not valid and why. (d) (1) Federal law or regulation prohibits disclosure of that portion; (2) The publication of that portion could cause the credit union predictable and substantial financial harm; (3) That portion contains nonpublic personal information as defined in 12 CFR 1016.3; or (4) That portion contains information about credit union employees or officials the disclosure of which would constitute a clearly unwarranted invasion of personal privacy. (e) (f) (2) The regional director has the discretion to refer any dispute to the credit union's supervisory committee for review and resolution. If petitioners are not satisfied with the supervisory committee's response, they may resubmit the dispute to the regional director.

official document · source cfr-2024 · id 12:§ 701.3