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HomeFinancial CodeDiv. 5Ch. 5§ 14805 Credit Union Member Meetings

§ 14805 Credit Union Member Meetings

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

§ 14805 Credit Union Member Meetings

This law lets members call special meetings and allows meetings to be held online if the credit union permits it.

Key Takeaways

  • •10 members or 3% of the total membership can request a special meeting.
  • •The credit union must send notice that includes the date, time, place, and purpose of the meeting.
  • •Meetings can be held partly or fully online if the credit union's articles or bylaws don't prohibit it.

Example

A group of members wants to vote on a new savings plan. They send a written request, so the credit union must schedule a special meeting and tell everyone the date, time, place, and why it's being held. The meeting can also be conducted over a video call if the credit union allows remote meetings.

Because 10 members (or 3% of the total membership, whichever is larger) asked for the meeting, the credit union must give notice with the meeting details. The meeting can be in person or online, as long as the credit union's rules don't forbid it.

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

Official Source
View on CA.gov

§ 14805 Credit Union Member Meetings

(a) Special meetings of members may be held upon order of the board of directors. Special meetings of members shall be held upon the written request of 10 members or 3 percent of the membership, whichever is greater. Notice of special meetings shall be given to all members specifying the date, time, place, and purpose of the meeting. (b) Unless prohibited by the articles or bylaws of the credit union, a regular or special meeting of members, including an annual meeting, may be conducted, in whole or in part, by means of remote communication as set forth in subdivision (f) of Section 7510 of the Corporations Code. (Amended by Stats. 2024, Ch. 305, Sec. 8. (AB 2062) Effective January 1, 2025.)

Last verified: January 11, 2026

Key Terms

special meetingsboard of directorswritten requestremote communication

Related Statutes

  • § 1172 Board Meeting Requirements
  • § 14803 Credit Union Membership Incentives
  • § 14804 Credit Union Annual Meetings
  • § 18415.4 Commissioner Conservator Powers
  • § 100025 Debt Collection Advisory Committee

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14805.
View Official Source