reglab/housing_qa huggingface dataset:
WI Stat § 186.114 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.114 - Savings promotion prize programs.

186.114  Savings promotion prize programs. (1) In this section:(a) “Member” means any person holding an account authorized under s. 186.113.(b) “Nonqualifying account" means a deposit account that is not a qualifying account.(c) “Qualifying account" means a deposit account through which a credit union's members may obtain chances to win prizes in a savings promotion.(d) “Savings promotion" means a contest or promotion to encourage savings deposits that is sponsored by one or more credit unions, or by a credit union trade association or its subsidiary in conjunction with one or more credit unions, and in which credit union members are offered a chance to win designated prizes. (2) A credit union may sponsor, or participate in, a savings promotion if all of the following requirements are satisfied:(a) Credit union members are not required to pay any fee or otherwise provide any consideration in order to enter the savings promotion.(b) All fees charged by a credit union in connection with a qualifying account are comparable with all fees charged in connection with comparable nonqualifying accounts offered by the credit union.(c) Each entry in the savings promotion has an equal chance of winning.(d) Participants in the savings promotion are not required to be present at a prize drawing in order to win. (3) For purposes of sub. (2) (a), a member's deposit of at least a specified amount of money for at least a specified time in a qualifying account, which is required in order to enter the savings promotion, is not consideration if the interest rate associated with the qualifying account is not reduced, as compared to comparable nonqualifying accounts offered by the credit union, to account for the possibility of winning a prize.History:  2017 a. 72.
WI Stat § 186.115 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.115 - Additional credit union authority.

186.115  Additional credit union authority. (1) Scope of authority. Subject to any regulatory approval required by law and subject to sub. (2), a credit union directly or through a subsidiary, may undertake any activity, exercise any power or offer any financially related product or service in this state that any other provider of financial products or services may undertake, exercise or provide or that the office of credit unions finds to be financially related. (2)  Rules. The activities, powers, products and services that may be undertaken, exercised or offered by credit unions under sub. (1) are limited to those specified by rule of the office of credit unions. The office of credit unions may direct any credit union to cease any activity, the exercise of any power or the offering of any product or service authorized by rule. Among the factors that the office of credit unions may consider in so directing a credit union are the credit union's net worth, assets, management rating and liquidity ratio and its ratio of net worth to assets. (3)  Insurance underwriting not authorized. This section does not authorize a credit union, directly or through a subsidiary, to engage in the business of underwriting insurance.History:  1985 a. 325; 1995 a. 27, 151.
WI Stat § 186.116 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.116 - Financially related services tie-ins.

186.116  Financially related services tie-ins. In any transaction conducted by a credit union or a subsidiary of a credit union with a customer who is also a customer of any other subsidiary of the credit union, the customer shall be given a notice in 12-point boldface type in substantially the following form:NOTICE OF RELATIONSHIPThis company, .... (insert name and address of credit union or subsidiary), is related to .... (insert name and address of credit union or subsidiary) of which you are also a customer. You may not be compelled to buy any product or service from either of the above companies or any other related company in order to participate in this transaction.If you feel that you have been compelled to buy any product or service from either of the above companies or any other related company in order to participate in this transaction, you should contact the management of either of the above companies at either of the above addresses or the office of credit unions at .... (insert address).History:  1985 a. 325; 1995 a. 27, 151.
WI Stat § 186.12 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.12 - Compensation of officers, operation expenses.

186.12  Compensation of officers, operation expenses. (1) Board members. No member of the board of directors may receive any compensation for services as a member of the board other than reasonable health, accident and similar insurance. (3)  Expenditures. To the extent permitted by a credit union's bylaws, the officers elected by the board of directors and the members of the credit committee may receive such compensation as the board authorizes, but the expenditures of the credit union for all purposes shall be paid from its earnings. History:  1971 c. 193; 1983 a. 369; 1995 a. 151; 1997 a. 152; 2015 a. 304.
WI Stat § 186.13 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.13 - Expulsion.

186.13  Expulsion. If the board of directors adopts a written policy, a credit union may expel a member if the member neglects or refuses to comply with this chapter or the credit union bylaws or if the board has other just cause. The credit union shall provide notice to the member in writing of the reason for expulsion. The notice shall include a description of the member's right to petition the board for reconsideration of the member's expulsion and the time period for the member to petition. If a member petitions the board in writing within 45 days of receipt of the expulsion notice, the board shall reconsider the expulsion within 90 days after the date of the expulsion notice. History:  1971 c. 193; 1981 c. 156; 1995 a. 151; 1997 a. 152; 2015 a. 304.
WI Stat § 186.14 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.14 - Expelled member rights and liabilities.

186.14  Expelled member rights and liabilities. The amounts paid in on shares by members who have withdrawn or have been expelled shall be paid to them, but in the order of withdrawal or expulsion as funds become available and after deducting any amounts due from the members to the credit union. Expulsion or withdrawal shall not relieve a member from any remaining liability to the credit union.History:  1971 c. 193 s. 42 (3); 1995 a. 151.
WI Stat § 186.15 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.15 - Auditing.

186.15  Auditing. (1) Annual audit. Except as provided in sub. (2), the board of directors shall hire a certified public accountant licensed or certified under ch. 442 or other qualified person to conduct a comprehensive annual audit of the records, accounts and affairs of the credit union. (2)  Audit committee. The board of directors may appoint an auditing committee of one or more capable persons to annually audit the records, accounts and cash of the credit union and to verify member accounts. Verification procedures shall be conducted according to the credit union's bylaws or the rules of the office of credit unions. (3)  Independent audit. The office of credit unions may order an independent audit at the credit union's expense if the office of credit unions finds an annual audit to be unsatisfactory. (4)  Audit reports. Audit reports under this section shall be submitted to the board of directors and retained as records of the credit union.History:  1971 c. 193; 1993 a. 482; 1995 a. 151; 2001 a. 16.
WI Stat § 186.16 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.16 - Dividends.

186.16  Dividends. (1) Board establishes dividends. The board of directors shall establish the dividend period. Dividends shall be considered a normal operating expense of the credit union. Rates of dividends and terms of payment may be established and guaranteed in advance by action of the board of directors. The board of directors may classify its accounts and declare dividends which may be at variable rates. (2)  Maximum set by office of credit unions. The office of credit unions may establish the maximum dividend that a credit union and a corporate central credit union may pay in each classification of its savings.History:  1971 c. 193; 1979 c. 282; 1981 c. 156; 1995 a. 27, 151.
WI Stat § 186.17 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.17 - Reserves.

186.17  Reserves. A credit union shall maintain sufficient reserves to meet anticipated withdrawals, commitments, and loan demand. A credit union shall maintain at least the level of reserves required for it by the national credit union administration. The office of credit unions may prescribe additional reserve requirements for an individual credit union based on examination findings or other reports available to the office. History:  1971 c. 193; 1975 c. 345; 1995 a. 27, 151; 2003 a. 63; 2015 a. 304.
WI Stat § 186.18 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.18 - Dissolution.

186.18  Dissolution. Upon a two-thirds recommendation of the board of directors, the members may vote to dissolve the credit union. If a majority of the total membership vote by ballot, in person or by letter or other written communication in favor of dissolution, and if not more than the greater of 15 members or 10 percent of the total membership, by written notice, vote against dissolution, the credit union shall be dissolved. If both the number of votes in favor of dissolution and the number of votes against dissolution are each less than 25 percent of the total number of members, the board of directors may, with the permission of the office of credit unions, mail to each member at the member's last-known address a written notice which states that the board's proposal to dissolve the credit union will be approved or disapproved at a special or annual meeting to be held at the time and place specified in the notice. The credit union shall be dissolved only if a majority of the members present at the meeting vote in favor of the board's proposal to dissolve the credit union. If the members vote to dissolve the credit union, a committee of 3 shall be elected by the members to liquidate the assets of the credit union. After assets are liquidated and debts paid, members shall be paid a liquidating dividend in proportion to their savings from remaining assets. The committee in charge of liquidation may sell or dispose of the assets in whole or in part at a public or private sale subject to confirmation by the board of directors and the office of credit unions.History:  1971 c. 193; 1981 c. 156; 1995 a. 27, 151.
WI Stat § 186.19 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.19 - Bonding requirements.

186.19  Bonding requirements. A credit union shall maintain the necessary bonds for directors, officers and employees according to any standards prescribed by the national board.History:  1971 c. 193 s. 42 (1); 1971 c. 307; 1993 a. 482; 1995 a. 27; 1995 a. 151 ss. 180, 302; 1997 a. 152.
WI Stat § 186.20 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.20 - Financial privacy.

186.20  Financial privacy. A credit union shall comply with any applicable requirements under 15 USC 6801 to 6803 and any applicable regulations prescribed by the national credit union administration under 15 USC 6804. History:  2003 a. 63.
WI Stat § 186.21 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.21 - Credit unions promoted.

186.21  Credit unions promoted. (1) Office to cooperate. It shall be the duty of the office of credit unions to cooperate with every group of people that is interested in the formation of, or in an affiliation with, a credit union in this state. The office of credit unions may do all things reasonably necessary for the discharge of this duty. (2)  Advertising. The office of credit unions shall use advertising that is suitable and effective to acquaint the people of this state with the agencies and organizations dealing with credit unions. (3)  Consultations. The office of credit unions shall offer without charge to any group, either joined in a credit union or considering such an organization, advice and direction on accounting practices and managerial problems. (4)  Materials. The office of credit unions shall provide application forms, model bylaws, and other materials to help in the organization, efficient functioning and expansion of credit unions.History:  1971 c. 193 s. 42 (2); 1995 a. 27, 151; 2001 a. 107.
WI Stat § 186.31 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.31 - Mergers.

186.31  Mergers. (1) Transfer of assets and liabilities. Any credit union, which is in good faith winding up its business for the purpose of merging with another credit union, may transfer its assets and liabilities to the credit union with which it is in the process of merging; but no merger may be made without the consent of the office of credit unions, and not then to defeat or defraud any of its creditors in the collection of debts against such credit union. (2)  Approval. To effect a merger, the board of directors of each credit union shall, by resolution, propose a specific plan for merger which shall be agreed to by a majority of the board of each credit union joining in the merger. The proposed merger plan shall be submitted to a vote at an annual or special meeting of members of the merging credit union. Written notice of the meeting setting forth the proposed plan of merger or a summary shall be given to each member of the merging credit union within the time and in the manner provided for the giving of notice of meetings of members of the credit union. The proposed plan shall be adopted upon receiving a majority of the votes entitled to be cast by members present at the meeting. (2m)  Emergency merger. Notwithstanding sub. (2), if the office of credit unions determines that the merging credit union is in danger of insolvency, and that the proposed merger would reduce or avoid a threatened loss to federal share insurance, the office of credit unions may permit the merger to become effective without an affirmative vote of the membership of the merging credit union. (3)  Rights transferred. The credit union merging with another credit union shall not be required to go into liquidation but its assets and liabilities shall be reported by the credit union with which it has merged, and all the rights, franchises and interests of the merging credit union to any property belonging to the credit union shall be considered to be transferred, and the resulting credit union shall hold and enjoy the same and all rights of property, franchises and interest in the same manner and to the same extent as was held and enjoyed by the merging credit union. The members or shareholders of the merging credit union shall without any further act on their part be members and shareholders of the resulting credit union and be subject to all rights, privileges and duties as provided for in the bylaws of the resulting credit union.History:  1971 c. 193; 1977 c. 152; 1985 a. 29; 1995 a. 27, 151.
WI Stat § 186.315 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.315 - Charter cancellation.

186.315  Charter cancellation. Upon completion of a voluntary liquidation as provided in s. 186.18, or upon completion of the liquidation in cases under s. 186.235 (11), or after the assets and liabilities of a credit union are transferred to another credit union for the purpose of merger as provided in s. 186.31 (3), the office of credit unions shall cancel the charter of the credit union liquidated or merged without any other or further notice to the credit union or to any person. A certified copy of the order or certificate of the office of credit unions shall be recorded with the register of deeds of the county in which the credit union is located. The register of deeds shall note on the margin of the record of the articles of incorporation of the credit union the document number and, if the order or certificate is assigned a volume and page number, the volume and page where the order or certificate canceling the credit union's charter is recorded. In case of voluntary liquidation under s. 186.18 or merger under s. 186.31, the credit union shall record the order or certificate of the office of credit unions and pay the fee. In case of liquidation under s. 186.235 (11), the office of credit unions or special deputy shall record the order or certificate of the office of credit unions and pay the fee out of the assets of the credit union as an expense of liquidation.History:  1971 c. 193 s. 42 (1); 1995 a. 27, 151; 2017 a. 102.
WI Stat § 186.32 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.32 - Corporate central credit union.

186.32  Corporate central credit union. (1) Organization. A corporate central credit union may be organized and operated under the conditions and provisions of this chapter and subject to all of the provisions of this chapter not inconsistent with this section. It shall be lawful for other credit unions located in this state and any other state to become members of a corporate central credit union. Credit unions having membership in a corporate central credit union may be represented at an annual or special meeting of the corporate central credit union by one member authorized by the board of directors of that member credit union and shall be entitled to one vote. The representative may be eligible for office in the corporate central credit union the same as if the representative were a member of the corporate central credit union. (2)  Dividends. A corporate central credit union may pay to the accounts of member credit unions dividends on a basis other than that required by this subsection for other members of a corporate central credit union. Dividends paid under this subsection shall be considered a normal operating expense of the corporate central credit union's operation. Rates of such dividends and terms of payment may be established and guaranteed in advance by action of the corporate central credit union's board of directors.History:  1971 c. 193; 1979 c. 282; 1981 c. 5; 1993 a. 482; 1995 a. 151.
WI Stat § 186.325 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.325 - National corporate central credit union.

186.325  National corporate central credit union. (1) Criteria. A corporate central credit union is a national corporate central credit union if all of the following conditions are met:(a) Its membership consists of any of the following:1. Central or corporate central credit unions that are organized under the laws of this state or another state or under federal law.2. Officers and directors of the qualifying corporate central credit union.3. Organizations operated primarily to service and otherwise assist credit union operations.(b) Its membership does not include any of the following:1. Credit unions other than those under par. (a) 1.2. Individuals other than those under par. (a) 2.(c) At least 75 percent of its savings and deposits are derived from members under par. (a) 1. and the remainder of its savings and deposits are derived from members under par. (a) 2. and 3. (2)  Borrowing limits. The borrowing limits under s. 186.112 do not apply to a national corporate central credit union.History:  1995 a. 151.
WI Stat § 186.34 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.34 - Federal share insurance.

186.34  Federal share insurance. (1) Insurance required. No credit union may accept any deposit from any person other than an incorporator before the credit union has received a certificate of share insurance issued by the national board. (4)  Certificate filing. Every credit union that receives a certificate of insurance from the national board shall file a copy of the certificate with the office of credit unions within 30 days after the credit union receives the certificate. (5)  Insurance to be maintained. Notwithstanding any other provision of this chapter, every credit union, other than a corporate central credit union, shall take, and a corporate central credit union may take, every action lawfully required to maintain federal share insurance coverage in full force and effect, and shall refrain or desist from taking any action that is likely to cause termination of federal share insurance coverage.History:  1985 a. 29; 1987 a. 27; 1995 a. 27; 1995 a. 151 ss. 278 to 282, 304.
WI Stat § 186.36 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.36 - Sale of insurance in credit unions.

186.36  Sale of insurance in credit unions. Any officer or employee of a credit union, when acting as an agent for the sale of insurance on behalf of the credit union, shall pay all commissions received from the sale of insurance to the credit union.History:  1973 c. 243; 1993 a. 482; 1995 a. 151; 2003 a. 63.
WI Stat § 186.45 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.45 - Non-Wisconsin credit union, Wisconsin offices.

186.45  Non-Wisconsin credit union, Wisconsin offices. (1) Definitions. In this section:(a) “Non-Wisconsin credit union" means a credit union organized under the laws of and with its principal office located in a state other than this state.(b) “Wisconsin credit union" has the meaning given in s. 186.41 (1) (bm). (2)  Approval. A non-Wisconsin credit union may open an office and conduct business as a credit union in this state if the office of credit unions finds that Wisconsin credit unions are allowed to do business in the other state under conditions similar to those contained in this section and that all of the following apply to the non-Wisconsin credit union:(a) It is a credit union organized under laws similar to the credit union laws of this state.(b) It is financially solvent based upon national board ratings.(c) It has member savings insured with federal share insurance.(d) It is effectively examined and supervised by the credit union authorities of the state in which it is organized.(e) It has received approval to open an office and conduct business as a credit union in this state from the credit union authorities of the state in which it is organized.(f) It has a need to place an office in this state to adequately serve its members in this state.(g) It meets all other relevant standards or qualifications established by the office of credit unions. (3)  Requirements. A non-Wisconsin credit union that opens an office and conducts business as a credit union in this state shall do all of the following:(a) Grant loans at rates not in excess of the rates permitted for Wisconsin credit unions.(b) Comply with this state's laws.(c) Designate and maintain an agent for the service of process in this state. (4)  Records. As a condition of a non-Wisconsin credit union doing business in this state under this section, the office of credit unions may require copies of examination reports and related correspondence regarding the non-Wisconsin credit union. History:  2003 a. 63, 326.
WI Stat § 186.52 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 186 - Credit unions.|186.52 - Customer access to appraisals.

186.52  Customer access to appraisals. If requested by an individual who is a customer, loan applicant or credit applicant, a financial institution, as defined in s. 705.01 (3), shall provide that individual with a copy of any written appraisal report which is held by the financial institution, which relates to residential real estate that the individual owns or has agreed to purchase and for which a fee is imposed.History:  1991 a. 78.