Iowa Code 533.114 – Annual report of superintendent
Current as of: 2023 | Check for updates
|
Other versions
1. The superintendent shall report annually to the governor in the manner and within the time required by chapter 7A. A copy of the report shall be furnished by the superintendent to each state credit union and to the Iowa credit union league and its affiliates.
Terms Used In Iowa Code 533.114
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- credit union: is a lso a "supervised financial organization" as that term is defined and used in chapter 537, the Iowa consumer credit code. See Iowa Code 533.102
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- Superintendent: means the superintendent of credit unions appointed pursuant to section 533. See Iowa Code 533.102
- year: means twelve consecutive months. See Iowa Code 4.1
2. In addition to the matters required by chapter 7A, the annual report of the superintendent shall contain all of the following:
a. A summary of applications approved or denied by the superintendent pursuant to this chapter since the last previous report.
b. A summary of the assets, liabilities, and capital structures of all state credit unions as of December 31 of the year for which the report is made.
c. A statement of the receipts and disbursements of funds of the superintendent during the fiscal year ending on June 30 of the year for which the report is made and of the funds on hand on that June 30.
d. Information that the administrator of the Iowa consumer credit code may require to be included.
e. A list of state credit unions that have been designated as serving predominantly low-income members pursuant to section 533.301, subsection 1.
f. Other information the superintendent deems appropriate and advisable to disclose in the discharge of the duties imposed upon the superintendent by this chapter.