LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 5Ch. 4Art. 8§ 14756 Credit Union Officer False Reporting

§ 14756 Credit Union Officer False Reporting

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 14756 Credit Union Officer False Reporting

This law makes it a crime for credit union leaders who knowingly lie on reports, skip required book entries, or block regulators from checking the books.

Key Takeaways

  • •Lying on official credit union reports is a felony.
  • •Skipping required book entries is a felony.
  • •Blocking regulator inspections is a felony.

Example

A credit union manager hides a big loss on a loan and tells investors everything is fine, then refuses to let the state examiner look at the books.

The manager is breaking the law by giving false information and refusing inspection, which can lead to a felony charge.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 14756 Credit Union Officer False Reporting

Any director, officer, agent, or employee of a credit union who (1) knowingly concurs in making or publishing any written report, exhibit, or statement of the credit union’s affairs or financial condition containing any material statement which is false, or (2) having the custody of the credit union’s books, willfully refuses or neglects to make any proper entry in those books as required by law, or (3) refuses to allow the books to be inspected or extracts to be taken therefrom by the commissioner or the commissioner’s deputies or examiners, is guilty of a felony. (Added by Stats. 1986, Ch. 673, Sec. 5.)

Last verified: January 11, 2026

Key Terms

directorofficeragentemployeecredit unionmaterial statementfelony

Related Statutes

  • § 14753 Credit Union Bribery Prohibition
  • § 14754 Credit Union Overdraft Fraud
  • § 14758 Credit Union Deposit Kickbacks
  • § 1325 Bank Officer False Reports
  • § 14751 Credit Union Officer Liability

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14756.
View Official Source