Wednesday, December 27, 2017

Westconsin CU Granted Exception to Wisconsin MBL Regulation

The Wisconsin Office of Credit Unions approved applications from Westconsin Credit Union (Menominee, WI) seeking two exceptions from the state's Member Business Loan (MBL) regulation.

Westconsin Credit Union sought an exception from the state's Member Business Loan regulation for two non-fleet vehicle loans.

The credit union also sought a blanket waiver to exceed to loan to value ratios for non-fleet vehicle loans.

The Division of Credit Unions received the two applications on September 14, 2017 and the date of the action taken for the two applications was October 18, 2017.

An Open Records Request to the Wisconsin Department of Financial Institutions was denied.
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