The Guidance and Supervisory Board meets at least once every three months. It may also be convened by the Chairman whenever he considers it necessary or at the request of the majority of its members or the Director of the institution. The members of the Board may be represented by one of their number, provided that this person holds only this mandate. The power of attorney must be in the…
The Guidance and Supervisory Board may only validly deliberate if at least two thirds of the members in office are present or represented. When this quorum is reached, resolutions are adopted by an absolute majority of the members present or represented. If this quorum is not reached, a new notice of meeting is sent to the members of the Board within fifteen days. Resolutions are then passed by a relative…
I. – The Guidance and Supervisory Board adopts the internal regulations, which govern in particular the organisation of work and the internal control procedures designed to ensure the security of operations. It oversees the application of regulations relating to employee relations and, where appropriate, examines the caisse’s social balance sheet. It approves the general terms and conditions of deposits, loans and other services offered by the caisse to its customers….
Municipal credit unions must keep accounts in accordance with a chart of accounts drawn up by joint order of the Minister for the Budget and the Minister for the Interior.
I. – The assets of each municipal credit union comprise : 1° The movable and immovable property owned by it ; 2° Profits and bonuses acquired under the conditions set out in article L. 514-4, with the exception of sums that the Guidance and Supervisory Board decides to allocate to social welfare organisations; 3° Subsidies received. II. – The municipal credit unions carry out their operations using the free funds…
The municipal credit union budget comprises an operating section and an endowment section. Each section is divided into chapters and articles. The operating section shows the institution’s income and expenditure, including annual allocations to depreciation and provisions. The endowment section presents, under income and expenditure, all transactions relating to the endowment of the establishment.
The budget of the municipal credit unions is accompanied by an estimate of financial transactions which group these transactions, according to their purpose, under three headings: 1° Loan transactions ; 2° Means of financing ; 3° Use of available funds.
The provisions of decree no. 64-1183 of 27 November 1964 relating to the replacement or reimbursement of damaged, destroyed, lost or stolen government bonds apply to savings bonds issued by municipal credit unions.
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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