Statutory audit remedies for Federal credit unions.

CFR · 2024-01-01 · US · Title 12

(a) (1) The Supervisory Committee has not obtained an annual financial statement audit or performed a supervisory committee audit; or (2) The Supervisory Committee has obtained a financial statement audit or performed a supervisory committee audit which does not meet the requirements of part 715 including those in § 715.8. (3) The credit union has experienced serious and persistent recordkeeping deficiencies as defined in paragraph (c) of this section. (b) (c) “

official document · source cfr-2024 · id 12:§ 715.12