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HomeFinancial CodeDiv. 5Ch. 3Art. 5§ 14382 Credit Union Advisory Committee

§ 14382 Credit Union Advisory Committee

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

§ 14382 Credit Union Advisory Committee

This law creates a seven‑person Credit Union Advisory Committee, picks its members, sets a two‑year term (with possible re‑appointment), makes service voluntary, and says members don’t get paid.

Key Takeaways

  • •The committee has exactly seven members.
  • •All members are chosen by the Secretary of Business, Consumer Services, and Housing.
  • •Each member serves a two‑year term and can be re‑appointed.
  • •Service is voluntary – no one has to accept, and anyone can resign.
  • •Members do not receive any pay or expense reimbursements from the state.

Example

Jane is asked by the state’s Secretary of Business, Consumer Services, and Housing to join the Credit Union Advisory Committee.

Jane can choose to accept or decline. If she says yes, she will serve for two years (and could be asked to serve again later). She won’t get a salary or expense reimbursements, and she can quit anytime by sending a resignation to the commissioner.

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

Official Source
View on CA.gov

§ 14382 Credit Union Advisory Committee

(a) The Credit Union Advisory Committee consists of seven members. (b) The members of the Credit Union Advisory Committee shall be appointed by the Secretary of Business, Consumer Services, and Housing. (c) The term of a member of the Credit Union Advisory Committee is two years. However, a member may be reappointed. (d) Membership in the Credit Union Advisory Committee is voluntary. No person is required to accept an appointment to the Credit Union Advisory Committee, and any member may resign by filing a resignation with the commissioner. (e) No member of the Credit Union Advisory Committee shall receive any compensation, reimbursement for expenses, or other payment from the state in connection with service on the Credit Union Advisory Committee. (Amended by Stats. 2014, Ch. 401, Sec. 30. (AB 2763) Effective January 1, 2015.)

Last verified: January 11, 2026

Key Terms

Credit Union Advisory CommitteeSecretary of Business, Consumer Services, and Housingtwo-year termsvoluntaryunpaid

Related Statutes

  • § 14380 Credit Union Advisory Committee
  • § 14381 Credit Union Advisory Committee
  • § 14383 Credit Union Meetings Requirement
  • § 14384 Credit Union Advisory Rules
  • § 18265 Loan Maturity Limits

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14382.
View Official Source