Laws and Regulations
- Credit Union Laws - To access state laws regarding Credit Unions, click the in bold link to the left to Cooperative Organizations, and scroll down to Sub-Chapter III. Credit Unions – Article 14 A through Article 15A (NCGS §54-109.1 - 54-110.10)
- Chapter 24: Interest - To access state laws regarding Chapter 24: Interest, click the in bold link to the left to the complete Chapter 24 under the North Carolina General Assembly - (NCGS §24-1 - 24-17)
- Credit Union Commission - To access the statutes detailing the creation of the Credit Union Commission, click the in bold link to the left to Executive Organization Act of 1973 and scroll down to Part 4. Credit Union Commission – (NCGS §143B-439)
- Legislative Information - To access general information regarding the General Assembly such as the North Carolina General Statutes, legislation, legislative calendar, General Assembly members, etc., click on the above link to the Homepage of the General Assembly
- NC State Laws - To access other pertinent sections of the North Carolina Statutes, click the bold link to the left.
Rules and Regulations
Rules and Regulations
N. C. General Statute 150B-21.3A adopted in 2013 requires state agencies to review existing rules every 10 years. An initial review will be completed during the next five years, and thereafter rules will be reviewed on a 10-year review cycle. The Department of Commerce rules are located by subchapters in Title 4 of the NC Administrative Code. The Department’s rules will be reviewed on a schedule established by the Rules Review Commission.
As the rules for the North Carolina Credit Union Division will be reviewed by the Rules Review Commission, the rules are available for public comment on the link available below.
Pursuant to the N.C. General Statutes 150B-21.3A (c) the Department is required to evaluate each of the existing rules and make an initial determination from one of these three classifications:
- Necessary with substantive public interest – the agency has received public comment on the rule within the past two years or the rule affects the property interest of the regulated public, and the agency knows or suspects that any person may object to the rule.
- Necessary without substantive public interest – the agency determines that the rule is needed, and the rule has not had public comment in the last two years. This category includes rules that identify information that is readily available to the public, such as an address or telephone number.
- Unnecessary – the agency determines that the rule is obsolete, redundant or otherwise not needed.
Comments will be accepted by e-mail firstname.lastname@example.org or mail:
Att. Tony Knox, Rule Making Coordinator
North Carolina Credit Union Division
205 West Millbrook Road, Suite 105
Raleigh, North Carolina 27609
"Public Comment" is defined by G.S. 150B-21.3A(a)(5) as a written objection to all or part of a rule. Additionally, pursuant to G.S. 150B-21.3A(c)(2), in order for the Rules Review Commission to determine whether the public comment has merit, the public comment must address the specific substance of the rule and address any of the standards of the Commission review, as set forth in G.S. 150B-21(a).
Rules Report Link
04 NCAC Chapter 06 Departmental Rules
Comment Period: April 13, 2016 to June 13, 2016
If there are any questions please call Tony Knox, Deputy Administrator (919)571-4888, ext. 204
To all interested parties:
The Credit Union Division in accordance to HB 74 and Executive Order 70 have submitted the fiscal notes for all rules to be readopted with substantive changes. Please see the link below with the approved fiscal note by OSBM.
OSBM has reviewed the Credit Union Division’s proposed changes to 04 NCAC 06B .0402 and 29 rules in 04 NCAC 06C in accordance with G.S. 150B-21.4 and with E.O. 70 from 10/21/2010 as amended by E.O. 48 from 4/9/2014. The fiscal note is approved for publication.
The Credit Union Division has also posted on our website at www.nccud.org
and on the website at the Office of Administrative Hearings, www.ncoah.com
all rules submitted for readoption with substantive changes. Rules that have been submitted with no substantive changes and the rule being repealed will only have the citation listed. The text for these rules will be published upon submission for permanent rules. The tentative effective date is January 1, 2018. If you have any questions you may contact Deputy Administrator Tony Knox at (919) 571-4888 ext. 204 or email at email@example.com
Fiscal Note for Readoption of Rules
Notice of Texts and Rules for Readoption
The NC Credit Union Division submitted 31 Rules in Title 4 Chapter 6 of the NC Administrative Code (04 NCAC 06) that were subject to readoption pursuant to the periodic review process as set forth in G. S. 150B-21.3A(c)(2)g. Of the 31 Rules submitted for readoption, one Rule, 04 NCAC 06C .0707, was submitted for repeal. The Rules are posted on our website and on the OAH website. The Rules are scheduled to be on the Rules Review Commission’s Agenda for the January 18, 2018 meeting. If approved, the 30 Rules are scheduled to become effective February 1, 2018.
Readoption of Existing Rules 04 NCAC 06.pdf
Please contact Antonio Knox at 919-571-4888, or by email at firstname.lastname@example.org, if you have any questions.
Other Helpful Links: Federal Law and Regulation