Minnesota bill SF4444 allows credit unions to obtain insurance from a credit union share insurance provider.

Minnesota bill SF4444 amends state statutes to authorize credit unions to obtain insurance for member share and deposit accounts from a credit union share insurance provider. The bill specifies that credit unions must maintain insurance under the National Credit Union Act or through an approved share insurance provider. It also allows the commissioner of commerce to examine share insurance providers and permits the appointment of the National Credit Union Administration Board or an approved provider as receiver of a credit union.

Minnesota bill SF4444 allows credit unions to obtain insurance from a credit union share insurance provider.

Minnesota bill SF4444 amends state statutes to authorize credit unions to obtain insurance for member share and deposit accounts from a credit union share insurance provider. The bill specifies that credit unions must maintain insurance under the National Credit Union Act or through an approved share insurance provider. It also allows the commissioner of commerce to examine share insurance providers and permits the appointment of the National Credit Union Administration Board or an approved provider as receiver of a credit union.