Utah Admin. Code R337-2-3 - Conversion Application

(1) The applicant must file an application on a form acceptable to the department.
(2) As part of the application the following documents or information must be provided:
(a) Year to date financial statements for the most recent month end:
(b) Delinquent loan schedule annotated to reflect collection problems as of the most recent month end;
(c) Explanation and appropriate documents relative to any changes in insurance of member accounts;
(d) Resolution of the board of directors approving the proposed conversion;
(e) Sample of the Notice of Special Meeting of the Members;
(f) Sample of the ballot to be sent to members; and
(g) Approval of the conversion from the National Credit Union Administration.


Utah Admin. Code R337-2-3

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