Wisconsin Administrative Code
Department of Financial Institutions
DFI-CU 51-75 - Department of Financial Institutions-Credit Unions
Chapter DFI-CU 59 - Miscellaneous investments by credit unions
Section DFI-CU 59.04 - Director's consent

Subject to the foregoing minimum requirements as outlined above in s. DFI-CU 59.03, the director of credit unions hereby grants permission to eligible credit unions to make investments in institutional investments. However, it should be pointed out that the responsibility for the selection of this type of investment necessarily rests with the board of directors of the investing credit union. The director of credit unions in granting this permission, merely indicates that he or she does not object to the credit union investing therein, but does not indicate that this type of investment necessarily is in the best interests of the credit union.