Conn. Gen. Stat. § 36a-442a
Deposit of funds; withdrawals. Bond requirement
Connecticut · General Statutes of Connecticut Chapter 667 — Credit Unions · Status: effective
Cite this
- Citation
- Conn. Gen. Stat. § 36a-442a, Deposit of funds; withdrawals. Bond requirement, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2200950
- Permanent ID
ys:prov:2200950@1- SHA-256
2f8d3eaa75982c4c14750d7f6c4ce55ff9224609bdb8f3519a7ff410c2c0bf77
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The funds of a Connecticut credit union shall be deposited in the name of the credit union only in such depository or depositories as designated by the governing board, in accordance with section 36a-459a, and no withdrawal of such funds shall be made unless the check or order withdrawing such funds is signed by a director or member of senior management designated by the governing board.
(b) Every director, supervisory committee member, credit committee member if applicable, and every employee of a Connecticut credit union who has charge or possession of the funds, securities or other assets of the Connecticut credit union, shall be bonded by a surety company authorized to do business in this state to the same extent as such bonding is required by 12 CFR Part 713, as from time to time amended. Such bond shall be in favor of the Connecticut credit union. A copy of each such bond and any renewal thereof shall be promptly filed by the Connecticut credit union with the commissioner.