reglab/housing_qa huggingface dataset:
17 PA Cons Stat § 508 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 5 - Corporate Powers, Duties and Safeguards|Section 508 - Estate accounts

§ 508. Estate accounts.  (a) General rule.--In the absence of a written agreement or document to the contrary, the assets in the account of a deceased member shall be considered part of the estate of the deceased member. In the absence of such an agreement or document and except for a release of such assets under existing law, the credit union shall, upon learning of the death of the member, freeze the assets in the account of the member and shall not permit deposits or withdrawals to be made in the account without receiving authorization by a court-recognized representative of the estate for deposits or withdrawals. Until the credit union receives the authorization, it may, if its bylaws so provide, close the account of the deceased member and transfer the funds to unclaimed shares. The payment of the funds of the deceased member to the estate of the deceased member shall release the credit union from liability for the amounts paid.  (b) Establishment of account by personal representative.--A court-recognized representative of the estate of a deceased member may open an account with the credit union for the deposit and withdrawal of the funds of the estate, whether or not the representative is a member, if the deceased member was in good standing at the time of death. The payment of the funds of the estate to the estate of the deceased member shall release the credit union from liability for the amounts paid. If a court- recognized representative of an estate is a member of the credit union, the representative may open a separate account with the credit union for the deposit and withdrawal of funds of the estate, whether or not the decedent was a member of the credit union. The payment of the funds of the estate to the estate shall release the credit union from liability for the amounts paid.
17 PA Cons Stat § 509 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 5 - Corporate Powers, Duties and Safeguards|Section 509 - Fees and charges

§ 509. Fees and charges.   (a) Entrance fees.--A credit union may charge an entrance fee of an amount, not in excess of $1, as may be provided by the bylaws.  (b) Fees in connection with loans.--A credit union may collect fees paid to public officials, actual fees necessary to secure collateral, fees required to be charged by government agencies and reasonable attorney fees. Furthermore, in connection with real estate loans, a credit union may collect charges and fees necessary to sell the loans to any agency or instrumentality of the Federal Government or a corporation which engages in the business of purchasing mortgage loans.  (c) Fees in connection with collectors or outside collection agencies.--A credit union may collect fees paid to outside collectors or outside collection agencies, provided the aggregate of such collection fees does not exceed 20% of the outstanding loan balance or other share or loan service related amounts owed to the credit union.  (d) Other fees.--A credit union may additionally: (1) charge fees for other services to its members, provided that the fees charged will be for the actual cost of the respective services provided by the credit union; and (2) recoup actual sums expended by the credit union, including use of credit union personnel, incurred in collection of outstanding loan balances or other share or loan service related amounts owed to the credit union.  (e) Late payment charges.--A credit union may collect late payment charges not in excess of 5% of the principal and interest due on any installment payment of a loan that is more than 15 days delinquent. (June 18, 2014, P.L.754, No.62, eff. 60 days)    2014 Amendment. Act 62 amended subsecs. (c) and (d).
17 PA Cons Stat § 510 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 5 - Corporate Powers, Duties and Safeguards|Section 510 - Loan interest

§ 510. Loan interest. (a) General rule.--Interest rates on loans made by a credit union to its members shall not exceed the interest rates and finance charges permissible for a Federal credit union as authorized by the Federal Credit Union Act (48 Stat. 1216, 12 U.S.C. § 1751 et seq.) and the rules and regulations of the National Credit Union Administration.  (b) Procedure for increase in rates.--(Deleted by amendment).  (c) Penalty for overcharge.--The taking, receiving, reserving or charging interest greater than allowed by this section shall be deemed a forfeiture of the entire interest on the loan, except when such overcharge is the result of a clerical error in computation. In case an interest greater than that which is allowed by this section has been paid, the borrower may, within six months after payment, recover from the credit union the entire amount of interest paid, except when such overcharge is the result of a clerical error in computation in which case only the excess interest paid may be recovered.  (d) Additional powers of certain insured credit unions.--A credit union insured by a share insurance fund other than the National Credit Union Share Insurance Fund may make any loan authorized by this title, at such interest, finance charge, rate and terms as a credit union insured by the National Credit Union Share Insurance Fund, except that the authority permitted under this subsection shall not apply to the extension of credit for the purchase of goods and services through the issuance and use of credit cards.  (June 18, 2014, P.L.754, No.62, eff. 60 days)   2014 Amendment. Act 62 amended subsec. (a) and deleted subsec. (b).
17 PA Cons Stat § 511 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 5 - Corporate Powers, Duties and Safeguards|Section 511 - Power to borrow

§ 511. Power to borrow.   (a) General rule.--A credit union may borrow from any source a sum not exceeding 50% of its unimpaired capital, regular reserve, contingency reserves and undivided earnings for the purpose of meeting the demand for loans to members or for the purpose of meeting demands for share withdrawals.  (b) Exception.--A credit union shall not borrow for the purpose of making investments authorized by section 501(b)(7) (relating to powers). (Dec. 9, 2002, P.L.1572, No.207, eff. 60 days; June 18, 2014, P.L.754, No.62, eff. 60 days)    2014 Amendment. Act 62 amended subsec. (a).
17 PA Cons Stat § 512 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 5 - Corporate Powers, Duties and Safeguards|Section 512 - Loans

§ 512. Loans.   (a) Loans to members only.--Except as otherwise provided in this title, a credit union may make loans to its members only.  (b) Loans subject to bylaws.--Loans must be made subject to the conditions contained in the bylaws.  (c) Borrower repayment of loans.--A borrower may repay the borrower's loan, in whole or in part, any day the office of the credit union is open for business.  (d) Nonpreferential treatment.--The following may not obtain or guarantee a loan from the credit union on terms, rates or conditions more favorable than those granted to any other member: (1) A director. (2) An officer. (3) A member of any committee. (4) A member of the immediate family of a director, officer or member of a committee. (5) Any individual having a common ownership, investment or other pecuniary interest in a business enterprise with a director, officer or member of a committee. (Dec. 12, 1994, P.L.1067, No.146, eff. 60 days; June 18, 2014, P.L.754, No.62, eff. 60 days)
17 PA Cons Stat § 513 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 5 - Corporate Powers, Duties and Safeguards|Section 513 - Reserves

§ 513. Reserves.  (a) General rule.--Each credit union shall establish and maintain a regular reserve account to the same extent and in the same manner as required of a Federal credit union.  (b) Computation of reserve and net worth requirements.--For the purpose of establishing the reserves required by this section and for the provision and maintenance of adequate equity or net worth, a credit union shall compute its reserve and net worth requirements consistent with section 216 of the Federal Credit Union Act (48 Stat. 1216, 12 U.S.C. § 1790d) and the National Credit Union Administration rules and regulations set forth in 12 CFR Pt. 702 (relating to prompt corrective action).  (c) Allowance for loan loss.--Each credit union, in addition to maintaining a regular reserve, shall establish an allowance for loan loss. The allowance for loan loss reserve shall be funded in the manner and used for the purposes as designated from time to time by the department. The board of directors shall decide the loans which are to be charged off against the allowance for loan loss, except that the department may, at the time of examination of a credit union, recommend for charge-off such loans which in its opinion are unsound, which loans shall be charged against the allowance for loan loss account within 60 days of the receipt of such recommendation from the department. Any amount received from the repayment of a loan after it has been charged off against the allowance for loan loss account shall be credited back to the account.  (d) Allowance for investment loss.--(Deleted by amendment). (Dec. 12, 1994, P.L.1067, No.146, eff. 60 days; Dec. 9, 2002, P.L.1572, No.207, eff. 60 days)
17 PA Cons Stat § 514 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 5 - Corporate Powers, Duties and Safeguards|Section 514 - Dividends

§ 514. Dividends.   (a) General rule.--The board of directors of a credit union or the members on recommendation of the board of directors, whichever the bylaws provide, may declare dividends to be paid on all shares and share certificates from the net earnings and undivided earnings at such rates and intervals and for such periods as the board of directors may authorize and after provision for the required reserves. Dividends may be added to the credit of the members share accounts, paid in cash, or partially credited to share accounts and partially paid in cash, at the option of the board of directors.  (b) Inactive accounts.--A share account may be transferred to a special account if, for at least five years, there has been no activity by the owner of the account and all written communications from the credit union to the owner of the account have been returned to the credit union with no forwarding address. After the transfer, the credit union may cease paying dividends on the transferred account and may cease sending notices to the owner. A member whose account has been transferred may reclaim the funds from the credit union at any time prior to the time the account is escheated. After escheat, reclaiming is governed by Article XIII.1 of the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code. (Dec. 9, 2002, P.L.1572, No.207, eff. 60 days; June 18, 2014, P.L.754, No.62, eff. 60 days)    2014 Amendment. Act 62 amended subsec. (b).  2002 Amendment. Act 207 amended subsec. (a).
17 PA Cons Stat § 515 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 5 - Corporate Powers, Duties and Safeguards|Section 515 - Rights and liabilities of terminating members

§ 515. Rights and liabilities of terminating members. All amounts paid on shares of an expelled or withdrawing member, with any dividends accredited thereto to the date thereof, shall, as funds become available and after deducting all amounts due from the member to the credit union, be paid to him. The credit union may require 60 days' notice of intention to withdraw shares. Withdrawing or expelled members shall have no further rights in the credit union, but they shall not by such withdrawal or expulsion be released from any remaining liability to the credit union.
17 PA Cons Stat § 516 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 5 - Corporate Powers, Duties and Safeguards|Section 516 - Adverse claims

§ 516. Adverse claims.  (a) General rule.--Notice to a credit union or Federal credit union of an adverse claim against shares standing in the name of any member shall not be effectual to cause the credit union or Federal credit union to recognize such adverse claim, unless the adverse claimant shall procure either an attachment or proper restraining order against the credit union or Federal credit union from a court of competent jurisdiction in a cause of action therein instituted by him, wherein the member or his legal representative is made a party in the manner provided by law, or unless he shall execute to the credit union or Federal credit union in form, and with sureties acceptable to it, a bond indemnifying the credit union or Federal credit union from any liability, loss, damages, costs and expenses arising from the recognition of such adverse claim.  (b) Exception.--This section shall not apply in any instance where the person in whose name the shares are held is a trustee for such adverse claimant, and the facts constituting such relationship, as well as the facts showing reasonable cause of belief on the part of the claimant that such trustee is about to misappropriate the shares, are made to appear by verified statement of such claimant.
17 PA Cons Stat § 517 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 5 - Corporate Powers, Duties and Safeguards|Section 517 - Taxation

§ 517. Taxation. A credit union incorporated under or subject to this title shall be deemed an institution for savings, and its assets, together with all the accumulation therein, shall not be subject to taxation except as to real estate owned by it. The shares of a credit union shall not be subject to a capital stock bonus tax or a stock transfer tax when issued by the corporation.
17 PA Cons Stat § 701 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 7 - Members, Directors and Officers|Section 701 - Membership

 § 701. Membership.   (a) General rule.--Credit union organizations shall be limited to groups having a potential membership of 500 or more adult persons and having a common bond of association within a well-defined community or rural district by reason of occupation or of membership in a religious congregation or fraternal or labor organization or residence within a well-defined community or rural district. A credit union may also retain its original field of membership and, additionally, include in its field of membership other occupational groups, as well as like associational groups having a common bond with the original field of membership, with insufficient number of members to form or conduct the affairs of a separate credit union, if the existing credit union obtains prior permission from the department. The membership of a credit union shall be limited to and consist of the incorporators of the credit union and such other persons, having the common bond of association, set forth in the articles of incorporation, as have been duly admitted members, have paid the entrance fee as provided in the bylaws and own and retain one or more shares. Organizations composed principally of the same group as the credit union membership may be members. Employes of credit unions may be members of such credit unions.  (b) Family members.--Persons who are members of the immediate family of a member of the credit union may be elected to membership.  (c) Trust and joint tenancy deposits.--Shares may be issued in trust for or in joint tenancy with the right of survivorship with any person designated by the credit union member, but no joint tenant or beneficiary of a trust shall be permitted to vote, obtain a loan or hold office unless he is within the field of membership and is a qualified member in his own right.  (d) Continuation of membership.--Any member who leaves or has left the field of membership and has not withdrawn all of his share account shall not cease to be a member of the credit union by reason thereof, and he shall have all of the rights and obligations of membership, including, but not limited to, the right to retain and to add to his share account and the right to vote. Upon leaving the field of membership, the provisions of this subsection shall apply to persons who have become members of the credit union solely by reason of the provisions of subsection (b), but the provisions of subsection (c) shall not be affected by this subsection.  (e) Spouse of deceased member.--The unremarried widow or widower of a deceased member may become a member of the credit union.  (f) Effect of certain association formations.--Any association formed primarily to obtain a State credit union charter shall not be considered by the department to have a sufficient common bond.  (Dec. 9, 2002, P.L.1572, No.207, eff. 60 days)    2002 Amendment. Act 207 amended subsec. (a) and added subsec. (f).  Cross References. Section 701 is referred to in sections 302, 304 of this title.
17 PA Cons Stat § 702 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 7 - Members, Directors and Officers|Section 702 - Meetings

§ 702. Meetings. The annual meeting shall be held at the time, place and in the manner indicated in the bylaws. Special meetings may also be held in the manner provided in the bylaws.
17 PA Cons Stat § 703 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 7 - Members, Directors and Officers|Section 703 - Voting rights and procedures

§ 703. Voting rights and procedures. At all meetings a member shall have but one vote, irrespective of his shareholdings. There shall be no voting by proxy, but any member, other than a natural person, may cast its vote through an agent duly delegated and appointed agent in writing.
17 PA Cons Stat § 704 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 7 - Members, Directors and Officers|Section 704 - Notice to members

§ 704. Notice to members.   (a) General rule.--All notices required by this title to be given to members shall be: (1) delivered in person to each member; (2) mailed to each member at the address for such member appearing on the records of the credit union; or (3) by facsimile transmission, e-mail or other electronic communication to each member's facsimile number or address for e-mail or other electronic communications appearing on the records of the credit union. Notice pursuant to this paragraph shall be deemed to have been given to the member entitled to the notice when sent.  (b) Notice of changes in fees, charges or policies.--Each new member to a credit union shall be provided with notice by the respective credit union listing any fees, service charges or policies regarding the transfer of funds to noninterest bearing accounts. A new member and each existing member shall subsequently be provided with similar notice if there is a change by the credit union in the amount or type of fees or service charges or a change in the policy regarding the transfer of funds to noninterest bearing accounts. The credit union shall also provide such information to any member upon request by that member. (June 18, 2014, P.L.754, No.62, eff. 60 days)
17 PA Cons Stat § 705 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 7 - Members, Directors and Officers|Section 705 - Expulsion, suspension and withdrawal

§ 705. Expulsion, suspension and withdrawal.   (a) Expulsion.--Unless otherwise provided in the credit union's bylaws: (1) The board of directors may expel a member for cause by a majority vote of a quorum of directors pursuant to a written policy adopted by the board. For the purposes of this subsection, "cause" includes a loss to the credit union, a violation of the membership agreement or any policy or procedure adopted by the board or inappropriate behavior, such as physical or verbal abuse of credit union members or staff. All members shall be given written notice of such policies. Any person expelled by the board shall have the right to request a hearing before the board to reconsider the expulsion. (2) A credit union may terminate the membership of any member who withdraws the member's shares to less than one share. (3) Persons whose membership has been terminated, whether by withdrawal or expulsion, shall have no further rights in the credit union, but are not released from any obligation owed to the credit union. (4) A member who has been expelled, as provided by this subsection, may not be readmitted to membership except upon approval by a majority vote of the board after application and proof that the applicant remains within the credit union's field of membership, has adequately explained, addressed or remedied the conditions leading to expulsion and will abide by the terms and conditions of membership. Not more than one such application for readmission may be made within any 12-month calendar period.  (a.1) Suspension.--Unless otherwise provided in the credit union's bylaws, a credit union may, for cause, suspend certain services to a credit union member under a policy adopted by the credit union's board of directors. Members with suspended services may maintain a share account and continue to vote at annual and special meetings.  (b) Withdrawal.--Any member may withdraw from the credit union at any time, but notice of withdrawal may be required. (June 18, 2014, P.L.754, No.62, eff. 60 days)
17 PA Cons Stat § 706 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 17 - CREDIT UNIONS|Chapter 7 - Members, Directors and Officers|Section 706 - Election of directors and credit and supervisory committee members

§ 706. Election of directors and credit and supervisory  committee members.  (a) General rule.--At the organization meeting and at all subsequent annual meetings, the credit union members shall elect from the membership of the credit union a board of directors of not less than five members, a credit committee of not less than three members if the bylaws so provide and a supervisory committee of not less than three nor more than five members if the bylaws so provide, all to hold office for such terms respectively, as the bylaws provide and until successors are duly qualified. If permitted by the bylaws, the election may be conducted by mail ballot. A member shall not serve on more than one of the committees. Not more than one member of the board, who shall not be the treasurer or an assistant treasurer, may serve as a member of the credit committee. A member of the board of directors, treasurer or an assistant treasurer may not serve on the supervisory committee.  (b) Report to department.--A statement in writing of the names and addresses of the members of the board and the committees and the officers, as well as any interim appointments, shall be filed with the department within ten days after their election and qualification or interim appointment. For failure to file such statements when due, unless excused for cause, the credit union shall pay to the department $100 for each day of its delinquency. (Dec. 9, 2002, P.L.1572, No.207, eff. 60 days)  2002 Amendment. Act 207 amended subsec. (b).