Regulations of Connecticut State Agencies (Last Updated: June 14,2023) |
Title36a The Banking Law of Connecticut |
SubTitle36a-456-1_36a-456-6. Payment of Interest Refunds by Connecticut Credit Unions |
Sec.36a-456-5. Accounting
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Interest refunds shall be paid by a Connecticut credit union only after payment of expenses, distribution of dividends and required allocations to reserves have been made. Such refunds shall be charged to interest income.
(Effective July 2, 1979; TransferredApril 24, 1995; Amended January 30, 1996)