Sec. 36a-37b. Community reinvestment performance evaluation; copies. - Connecticut Statutes

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Statutes > Connecticut > Title36a > Chap664a > Sec36a-37b

      Sec. 36a-37b. Community reinvestment performance evaluation; copies. (a) Each community credit union shall provide to the public upon request copies of the most recent community reinvestment performance evaluation prepared by the commissioner pursuant to section 36a-37a. A community credit union may charge a reasonable fee not to exceed the cost of copying and mailing, if applicable.

      (b) Each community credit union shall maintain a public file in which it shall place, not later than thirty business days after its receipt from the commissioner, a copy of the community credit union's most recent community reinvestment performance evaluation prepared by the commissioner pursuant to section 36a-37a. The community credit union may also include in the public file any response to such performance evaluation that such community credit union makes. The community credit union shall make a copy of such performance evaluation available to the public for inspection upon request and at no cost at the community credit union's principal office and at each of its subsidiary offices in this state. Any community credit union that receives a rating of needs to improve record of meeting community credit needs or of substantial noncompliance in meeting community credit needs on its most recent evaluation shall include in its public file a description of its current efforts to improve its performance in helping to meet the credit needs of its entire community. The community credit union shall update the description quarterly until such time as it receives a satisfactory record of meeting community needs or better rating from the commissioner.

      (P.A. 01-9, S. 4, 11; P.A. 03-84, S. 77.)

      History: P.A. 01-9 effective July 1, 2001; P.A. 03-84 changed "Commissioner of Banking" to "Banking Commissioner" in Subsec. (a), effective June 3, 2003.

State Codes and Statutes

Statutes > Connecticut > Title36a > Chap664a > Sec36a-37b

      Sec. 36a-37b. Community reinvestment performance evaluation; copies. (a) Each community credit union shall provide to the public upon request copies of the most recent community reinvestment performance evaluation prepared by the commissioner pursuant to section 36a-37a. A community credit union may charge a reasonable fee not to exceed the cost of copying and mailing, if applicable.

      (b) Each community credit union shall maintain a public file in which it shall place, not later than thirty business days after its receipt from the commissioner, a copy of the community credit union's most recent community reinvestment performance evaluation prepared by the commissioner pursuant to section 36a-37a. The community credit union may also include in the public file any response to such performance evaluation that such community credit union makes. The community credit union shall make a copy of such performance evaluation available to the public for inspection upon request and at no cost at the community credit union's principal office and at each of its subsidiary offices in this state. Any community credit union that receives a rating of needs to improve record of meeting community credit needs or of substantial noncompliance in meeting community credit needs on its most recent evaluation shall include in its public file a description of its current efforts to improve its performance in helping to meet the credit needs of its entire community. The community credit union shall update the description quarterly until such time as it receives a satisfactory record of meeting community needs or better rating from the commissioner.

      (P.A. 01-9, S. 4, 11; P.A. 03-84, S. 77.)

      History: P.A. 01-9 effective July 1, 2001; P.A. 03-84 changed "Commissioner of Banking" to "Banking Commissioner" in Subsec. (a), effective June 3, 2003.

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State Codes and Statutes

Statutes > Connecticut > Title36a > Chap664a > Sec36a-37b

      Sec. 36a-37b. Community reinvestment performance evaluation; copies. (a) Each community credit union shall provide to the public upon request copies of the most recent community reinvestment performance evaluation prepared by the commissioner pursuant to section 36a-37a. A community credit union may charge a reasonable fee not to exceed the cost of copying and mailing, if applicable.

      (b) Each community credit union shall maintain a public file in which it shall place, not later than thirty business days after its receipt from the commissioner, a copy of the community credit union's most recent community reinvestment performance evaluation prepared by the commissioner pursuant to section 36a-37a. The community credit union may also include in the public file any response to such performance evaluation that such community credit union makes. The community credit union shall make a copy of such performance evaluation available to the public for inspection upon request and at no cost at the community credit union's principal office and at each of its subsidiary offices in this state. Any community credit union that receives a rating of needs to improve record of meeting community credit needs or of substantial noncompliance in meeting community credit needs on its most recent evaluation shall include in its public file a description of its current efforts to improve its performance in helping to meet the credit needs of its entire community. The community credit union shall update the description quarterly until such time as it receives a satisfactory record of meeting community needs or better rating from the commissioner.

      (P.A. 01-9, S. 4, 11; P.A. 03-84, S. 77.)

      History: P.A. 01-9 effective July 1, 2001; P.A. 03-84 changed "Commissioner of Banking" to "Banking Commissioner" in Subsec. (a), effective June 3, 2003.