186.015 Credit union review board.

575 words·~3 min read·/wi/chapter-186/186-015-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Confer with office. The office of credit unions shall confer with the credit union review board on matters affecting credit unions and the office. Detailed minutes of each review board meeting shall be kept, and the decision of the review board with reference to all orders issued, or policies established by the office of credit unions pursuant to this chapter is final, except for judicial review as provided in ch. 227 .

(2)Duties. The review board shall do all of the following:

(a)Advise the office of credit unions and others in improving the condition and service of credit unions.

(b)Review the acts and decisions of the office of credit unions and conduct reviews under sub.

(5).

(c)Respond promptly on credit union matters and to questions submitted to the review board by the office of credit unions or by a credit union.

(d)Serve as an appeal board for credit unions.

(e)Perform other credit union review functions as provided by law or rule.

(f)Conduct hearings, take testimony, issue subpoenas and administer oaths to witnesses.

(3)Approval of actions. The review board may require the office of credit unions to submit any of the office’s official actions to the review board for its approval.

(3g)Procedure. The review board may promulgate rules of procedure under ch. 227 .

(3r)Hearing appearances, subpoenas.

(a)Any interested person may appear at a hearing of the review board, participate in the examination of witnesses and present evidence.

(b)The review board shall have the subpoena powers under s. 885.01

(4).

(4)Witness fees.

(a)Any person causing a witness to be subpoenaed shall advance and pay the fees and mileage of the witness, which shall be the same as in circuit court.

(b)The fees and mileage of witnesses who are called at the instance of the review board shall be paid by the state in the same manner that other expenses are paid, upon presentation of proper vouchers approved by at least one member of the review board and charged to the appropriation of the office of credit unions.

(5)Reviews. Any interested person aggrieved by any act, order or determination of the office of credit unions that relates to credit unions may, within 60 days after the date of the act, order or determination, apply for review by the review board. The review board shall determine if the office of credit unions acted within the scope of the office’s authority, has not acted in an arbitrary or capricious manner and has based the act, order or determination on evidence supported by the record. The review board shall dispose of a review application within 60 days after the date on which it is received, unless the review board designates a hearing examiner, in which case the review board shall dispose of the review application within 180 days after the date on which it is received.

(6)Decisions.

(a)Three members of the review board shall constitute a quorum and a majority vote of those present shall decide. A member of the review board is not qualified to act in any matter involving a credit union in which the member is an officer, director or stockholder, or to which the member is indebted.

(b)Any final order or determination of the review board shall be subject to review in the manner provided in ch. 227 .