§ 14355 Credit Union Fund Deposits

• •All money the commissioner receives from credit union matters must be turned over to the State Treasury.
• •The money has to be sent at least once each week.
• •A detailed statement must go with the money so the source is clear.
• •The money is credited to the Credit Union Fund.

A credit union pays a $5,000 penalty to the commissioner for breaking a rule.

The commissioner must take that $5,000 and, at least once a week, put it into the State Treasury, attaching a detailed note that shows where the money came from. The money is then recorded as part of the Credit Union Fund.