186.035 Deceptive or misleading use of credit union name, logo, or symbol. (1) USE OF CREDIT UNION NAME, LOGO, OR SYMBOL FOR MARKETING PURPOSES. Except as provided in sub. (3), no person may use the name, logo, or symbol, or any combination thereof, of a credit union, or any name, logo, or symbol, or any combination thereof, that is deceptively similar to the name, logo, or symbol of a credit union, in any marketing material provided to or solicitation of another person in a manner such that a reasonable person may believe that the marketing material or solicitation originated from or is endorsed by the credit union or that the credit union is responsible for the marketing material or solicitation. (2) ENFORCEMENT AND PENALTIES. The office of credit unions shall direct any person the office finds to have violated sub. (1) to cease and desist from violating sub. (1). If a person violates sub. (1) after receiving such direction, the office of credit unions may impose a forfeiture of up to $1,000 for each violation. Each instance in which marketing material is provided to another person or solicitation of another person takes place in violation of sub. (1) constitutes a separate violation. This subsection does not affect the availability of any remedies otherwise available to a credit union. (3) EXCEPTIONS. Subsection (1) does not apply to a person who uses the name, logo, or symbol of a credit union in any of the following circumstances: (a) With the consent of the credit union. (b) If the person is the credit union, an affiliate of the credit union, or an agent of the credit union. History: 2003 a. 262.
186.06
Membership meetings, fiscal year. (1) MANNER OF MEETING. The annual meeting and any special meeting of the members of a credit union shall be held in the manner provided by the bylaws. (1m) VOTING. At a meeting, each member shall have one vote irrespective of the member’s share total. Except as provided in sub. (2), a member may not vote by proxy. (2) REPRESENTATION. An organization, association or corporation member of a credit union may be represented by and have
CREDIT UNIONS
186.07
its vote cast by an authorized representative of its members or owners. (2m) VOTING ELIGIBILITY. The bylaws shall prescribe the terms by which a member is eligible to vote at a meeting. (3) MEETING ISSUES. (a) At any meeting, if the notice so indicates, a majority of the members present may direct the board of directors to do any of the following: 1. Consider implementing any policy proposed by the members. 2. Reconsider any decision of the directors, officers or committees. (b) At any meeting, if the notice so indicates, the members may, by a three-fourths vote of the members present, do any of the following: 1. Remove any member of the board of directors. 2. Amend the bylaws. (4) FISCAL YEAR. The fiscal year of every credit union shall end at the close of business on December 31. History: 1971 c. 193; 1973 c. 255; 1979 c. 282; 1981 c. 156; 1983 a. 369; 1995 a. 151; 2003 a. 63.