The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
005
:
NET WORTH; RESERVES; DIVIDENDS
(Cite as: 8 V.S.A. § 31507)
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§ 31507. Standards
For purposes of this subchapter, in the absence of standards otherwise prescribed
by the Commissioner, a credit union shall follow the standards established by the
National Credit Union Administration (NCUA). In the event standards established by
the NCUA require the credit union to accumulate or maintain accounts in an amount
in excess of the standard established by the Commissioner, the credit union shall
accumulate and maintain such accounts in a manner sufficient to satisfy the requirements
of the NCUA. (Added 2005, No. 16, § 1, eff. July 1, 2005; amended 2021, No. 105 (Adj. Sess.), § 329, eff. July 1, 2022.)