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1998 Opinion Letters

98-0133 – Risk Based Pricing Policy; Right of Review

98-0141 – Risk Based Pricing - Disclosure Notice

98-0214 – Delegating Review of Loan Appeals

98-0218 – Access to Credit Union Records

98-0243 – Member Business Loan Requirements for Participation Loans

98-0302 – Pledging Assets to Cover Funds in a Retirement Account

98-0301 – Conflict of Interest

98-0308 – Board of Directors' Authority to Approve Loans

98-0321 – Check Cashing Services to Nonmembers

98-0329 – Preemption of State Law Limiting Nonmember ATM Fees

98-0403 – Home Equity Loan Collateralized Mortgage Obligations

98-0404 – Membership Issues

98-0409 – Permissibility of Postage Stamps for Nonmembers

98-0433 – Truth in Savings (Fees on Returned Checks)

98-0435 – IRS Form 990 Filing Requirement for Federal Credit Unions

98-0438 – Bylaw Definition of Immediate Family Member

98-0446 – Director Appointments

98-0501 – Compensation in Connection with a Loan

98-0502 – Permissibility of CUSO Structure and Activities

98-0506 – Permissibility of Federal National Mortgage Association Delegated Underwriting and Servicing/Mortgage-Backed Securities

98-0516 – Wage Assignments as Security for a Loan

98-0520 – Use of Imaging System for Records Storage

98-0524A – CUSO Marketing Services Under 12 C.F.R. §712.5(b)(8)

98-0529a – Reimbursement to FCUs in Connection with Insurance

98-0530A – Charter Conversions from Credit Union to Bank

98-0537 – Roth and Education IRAs

98-0549 – Hiring of Family Members to Perform Services for a Credit Union

98-0550 – Accepting Insurance Payments for an FCU Sponsor

98-0603 – Accounting Manual - Permanent Retention of Records

98-0607 – Servicing and Insurability of Housing Opportunity Commission Loans

98-0618 – Membership Requirements and Organizational Accounts

98-0619 – Reimbursement of Travel Expenses for a Director's Companion

98-0620 – CUSO Internet Service

98-0623 – Loans to CUSOs

98-0625 – Confirmation Statements and Deposit Insurance Coverage for Investments by Federal Credit Unions

98-0637 – Indirect Loans to Credit Union Officials

98-0649 – Field of Membership Exclusionary Clauses

98-0651 – Permissibility of Extending an Automobile Lease and Waiving the Excess Mileage Charge

98-0653 – Board of Director's Authority to Approve Loans

98-0701 – Federal Credit Union Investment in CUSO Debentures

98-0708 – Third Party Incentives for Selling Mechanical Breakdown Insurance

98-0711 – Conflicts of Interest of Director

98-0713 – Membership Rights and Subscription Requirements

98-0715 – Collateral Requirements for Member Business Loans

98-0721 – Permissibility of a Share Overdraft Program

98-0731 – Permissibility of Investment in Farm Credit Bank Obligations

98-0732 – State Tax or Assessments on ATMs

98-0802 – Sale of Eligible Obligations

98-0901 – Cash Inducements to Transfer Insurance Business

98-0902 – Permissibility of Investment in Security Guaranteed by Freddie Mac

98-0915 – Nonmember Joint Owner's Ability to Obtain Advances Under an Open End Credit Agreement

98-0920 – Confidentiality of Year 2000 (Y2K) Quarterly Reports

98-0926 – Federal Credit Unions Establishing ATMs in Wyoming

98-0950 – Removal of Directors by Members

98-0956a – Asset-backed Securities as Collateral for Tri-party Repurchase Agreements

98-0961 – Preemption of State Law Limiting Finance Charges

98-1037 – Medical Savings Accounts Under Montana Law

98-1040 – Conversion of a Federally Insured Credit Union to a Cooperative Bank

98-1107 – Lending to a Church

98-1116 – Loans to Trusts

98-1119 – Responsibility of Supervisory Committee to CUSO

98-1135 – Leased Employees

98-1137 – Insurance Coverage of Custodial Accounts Maintained by Market Agencies

98-1147 – Conflict of Interest

98-1202 – Key Man Life Insurance and Deferred Compensation Agreements

98-1215 – Reimbursement to Credit Union Volunteers for Child Care

98-1244 – Corporate Credit Unions Lending to Credit Union Service Organizations

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