Credit Union Act 1997

THIRD SCHEDULE

Credit Committee, Credit Control Committee and Membership Committee

1. F342 [ ]

2. A credit committee, credit control committee and membership committee shall—

( a) meet as often as necessary to carry out their functions;

( b) submit a written report to the board of directors at each meeting of the board; and

( c) comply with any instruction of the board of directors.

3. A credit committee shall have not less than three members and a member of the credit control committee, the credit control officer or a credit officer shall not be eligible for membership.

4. A credit control committee shall have not less than three members and a member of the credit committee, the credit control officer or a credit officer shall not be eligible for membership.

5. A membership committee shall have not less than one member.

6. F343 [ ]