Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 1105 - Credit Union Commission
Chapter 1 - Organization and Description
Section 20 CSR 1105-1.010 - General Organization
Current through Register Vol. 49, No. 18, September 16, 2024
PURPOSE: The purpose of this rule is to comply with section 536.023, RSMo Supp. 1998, which requires each agency to adopt as a rule a description of its operation and the manner in which the public may obtain information or make submissions or requests.
(1) The Credit Union Commission determines appeals from certain decisions of the director of the Division of Credit Unions, provides the director of the Division of Credit Unions advice on matters pertaining to the organization, operation, and supervision of credit unions and approves or disapproves each regulation proposed by the director of the Division of Credit Unions.
(2) The Credit Union Commission is a bipartisan commission consisting of seven (7) individuals appointed by the governor with the advice and consent of the senate. Four (4) of the commission members are required to have certain credit union experience, two
(2) must be individuals that are not involved in the administration of a financial institution, and one (1) of the seven (7) members must be an attorney.
(3) The Credit Union Commission meets to hear appeals from certain decisions of the director of the Division of Credit Unions pertaining to the chartering, relocation, branching, or membership of credit unions.
(4) The public may make comments or obtain information concerning the commission by writing to the Credit Union Commission, P.O. Box 1607, Jefferson City, MO 65102.
*Original authority: 536.023, RSMo 1975, amended 1976, 1997.
