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Earlier editions: 2020-112018-11

DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 3. Administration and Powers of the Commissioner 14200-14384›ARTICLE 5. Credit Union Advisory Committee 14380-14384

§ 14382

California Financial Code · 2026 edition · updated 2026-10-04 · California

(a) The Credit Union Advisory Committee consists of seven members.

(b) The members of the Credit Union Advisory Committee shall be appointed by the Secretary of Business and Consumer Services.

(c) The term of a member of the Credit Union Advisory Committee is two years. However, a member may be reappointed.

(d) Membership in the Credit Union Advisory Committee is voluntary. No person is required to accept an appointment to the Credit Union Advisory Committee, and any member may resign by filing a resignation with the commissioner.

(e) No member of the Credit Union Advisory Committee shall receive any compensation, reimbursement for expenses, or other payment from the state in connection with service on the Credit Union Advisory Committee.

(f) The amendments made to this section by the act adding this subdivision shall become operative on July 1, 2026.

(Amended by Stats. 2026, Ch. 28, Sec. 17. (SB 170) Effective June 29, 2026. Operative July 1, 2026, by its own provisions.)

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California Financial Code

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