Section 11-30-112 - Capital The capital of a credit union consists of the payments that have been made to it in shares by the several members of the credit union. The credit union has a lien on the shares and deposits of a member for any sum due to the credit union from the member or for any loan endorsed by the member. A credit union may charge an entrance fee and an annual membership fee, but the fees must be uniform to all members.
Amended by 2024 Ch. 350,§ 14, eff. 8/7/2024, app. to the operations of the division of financial services, the commissioner of financial services, the financial services board, credit unions, savings and loan associations, and life care institutions on or after 8/7/2024, including the imposition of fines by the commissioner of financial services against a person who violates a cease-and-desist order or a suspension or removal order.L. 31: p. 302, § 12. CSA: C. 47, § 12. L. 41: p. 376, § 12. CRS 53: § 38-1-12. C.R.S. 1963: § 38-1-12. L. 79: Entire section amended, p. 417, § 3, effective July 1. L. 83: Entire section amended, p. 485, § 6, effective July 1.2024 Ch. 350, was passed without a safety clause. See Colo. Const. art. V, § 1(3).