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HomeFinancial CodeDiv. 5Ch. 3Art. 5§ 14381 Credit Union Advisory Committee

§ 14381 Credit Union Advisory Committee

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 14381 Credit Union Advisory Committee

This law sets up a Credit Union Advisory Committee that gives advice to the commissioner and the deputy commissioner about anything related to credit unions.

Key Takeaways

  • •A Credit Union Advisory Committee is created.
  • •The committee advises the commissioner and the Deputy Commissioner of Financial Protection and Innovation.
  • •Advice is limited to matters about credit unions or the credit union business.
  • •The law was amended and became effective on January 1, 2023.

Example

A credit union wants to start offering a new type of loan and asks the Advisory Committee for guidance.

The committee talks with the commissioner and deputy commissioner and tells them what the credit union should do, helping shape the decision.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 14381 Credit Union Advisory Committee

The Credit Union Advisory Committee shall advise the commissioner and the Deputy Commissioner of Financial Protection and Innovation for the Office of Credit Unions on matters relating to credit unions or the credit union business. (Amended by Stats. 2022, Ch. 452, Sec. 117. (SB 1498) Effective January 1, 2023.)

Last verified: January 11, 2026

Key Terms

Credit Union Advisory CommitteecommissionerDeputy Commissioner of Financial Protection and Innovationcredit unionscredit union business

Related Statutes

  • § 14384 Credit Union Advisory Rules
  • § 14200 Credit Union Oversight Powers
  • § 14200.1 Credit Union Oversight Office
  • § 14202 Credit Union Activity Authorization
  • § 14350 Credit Union Assessment Fees

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14381.
View Official Source