CREDIT UNIONS - WAGE ASSIGNMENTS AS COLLATERAL FOR LOANS
CREDIT UNIONS ‑- WAGE ASSIGNMENTS AS COLLATERAL FOR LOANS Assignments of future wages must have written consent of wife before they can be accepted as collateral for credit union loans.
CREDIT UNIONS - DECLARATION OF DIVIDENDS
CREDIT UNIONS ‑- DECLARATION OF DIVIDENDS Whenever a declaration of dividends is otherwise proper, credit unions must make such declaration annually or semiannually.
CREDIT UNIONS - STATE CHARTERED - LOANS TO OTHER STATE AND FEDERAL CREDIT UNIONS
CREDIT UNIONS ‑- STATE CHARTERED ‑- LOANS TO OTHER STATE AND FEDERAL CREDIT UNIONS A state chartered credit union may make loans to other state chartered or Federal credit unions within the State of Washington only if such other credit unions are members of the lending credit union.
CREDIT UNIONS - CHATTEL MORTGAGE NON-FILING INSURANCE - COVERAGE AS TO CHATTEL MORTGAGES OF FURNITURE AND AUTOMOBILES
CREDIT UNIONS ‑- CHATTEL MORTGAGE NON-FILING INSURANCE ‑- COVERAGE AS TO CHATTEL MORTGAGES OF FURNITURE AND AUTOMOBILES Subject to express exclusions therein set forth, form of policy submitted indemnifies assured members of Washington Credit Unions' League against loss sustained as mortgagees under chattel mortgages of automobiles and furniture, through being prevented from enforcing such instruments "solely as the result of the failure of the assured duly to record or file the instrument with the proper public officer or public office." Nevertheless, there must be full compliance with the provisions of section 6312-7, Rem. Rev. Stat., relating to chattel mortgage on automobiles.
BANKS AND BANKING - CREDIT UNIONS - BILLS AND NOTES
LEGALITY OF ALTERNATIVE CREDIT UNION SHARE DRAFT PROGRAM The establishment and operation of an alternative share draft program, as herein described, by state‑regulated credit unions would not be prohibited by the provisions of RCW 32.12.260 as earlier construed and applied in AGLO 1977 No. 28 [[to Jim Matson, State Senator, on July 7, 1977, an Informal Opinion, AIR-77528]], dealing with a significantly different credit union "share draft" scheme.
BANKS AND BANKING - CREDIT UNIONS - LOANS - PERMISSIBLE DURATION OF LOANS BY STATE REGULATED CREDIT UNIONS
BANKS AND BANKING ‑- CREDIT UNIONS ‑- LOANS ‑- PERMISSIBLE DURATION OF LOANS BY STATE REGULATED CREDIT UNIONS
A state regulated credit union may legally take action which will have the effect of extending a loan beyond the applicable four-year or eight-year statutory limit without violating RCW 31.12.270, but only so long as the extension is and remains at the discretion of the credit union and does not become, in some manner, a contractual right of the borrower.
DISTRICTS - SCHOOLS - FUNDS - CREDIT UNIONS
INVESTMENT OF SCHOOL DISTRICT FUNDS IN CREDIT UNION School district funds, including associated student body funds, may not legally be deposited in a credit union.
BANKS AND BANKING - CREDIT UNIONS - BILLS AND NOTES - LEGALITY OF CREDIT UNION SHARE DRAFT ACCOUNTS
BANKS AND BANKING ‑- CREDIT UNIONS ‑- BILLS AND NOTES ‑- LEGALITY OF CREDIT UNION SHARE DRAFT ACCOUNTS The establishment and operation of a "share draft" program, as herein described, by state regulated credit unions is prohibited by so much of RCW 31.12.260 as provides that no such credit unions shall ". . . carry . . . checking accounts . . ."