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Terms Used In Utah Code 7-9-37

  • Commissioner: means the Commissioner of Financial Institutions. See Utah Code 7-1-103
  • Credit union: means a cooperative, nonprofit association incorporated under:
         (6)(b) Utah Code 7-1-103
  • Field of membership: means persons designated as eligible for credit union membership in accordance with:
         (6)(a) Section 7-9-51 or 7-9-53; and
         (6)(b) the bylaws of the credit union. See Utah Code 7-9-3

     Members of a dissolved, merged, consolidated, transferred, or acquired credit union may become members of another existing credit union with a related field of membership as approved by the commissioner.