Section 60.03. Term share accounts.

Latest version.

(1) The board of directors shall establish the policy with regard to maturities and minimum denominations for each classification of term share account. This policy shall be reviewed from time to time as conditions require.

(3) At the option of the credit union, additional deposits may be permitted to term share accounts without extending the original maturity of the term share account.

(4) The information contained in s. DFI-CU 60.06 shall be disclosed on all term share accounts or accompanying disclosure forms.

History: Cr. Register, April, 1982, No. 316 , eff. 5-1-82; 2013 Wis. Act 277 : am. (title), (1), r. (2), am. (3), (4) Register May 2014 No. 701 , eff. 6-1-14.

                    
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