C-4.1 - Savings and Credit Unions Act

Section 303 Disposition versions

1997-02-15

303. At the end of its fiscal year, the credit union shall prepare an annual report containing

(1)  the name and address of its head office;

(2)  the name and occupation of each of its officers;

(3)  the number of its members;

(4)  a statement of assets and liabilities, a statement of results, a statement of the stabilization reserve and of the community or social fund, a statement of the surplus earnings, a statement of the general reserve and a statement of provisions to cover losses on credit extended and investments made, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;

(5)  a statement showing the total amount of credit extended to restricted parties and to persons who are associates of any of its officers;

(6)  where applicable, a statement showing the credit union’s participating interest in the investment fund of the federation with which it is affiliated and the return on such interest;

(7)  the auditor’s report;

(8)  the report of activities of the board of audit and ethics and, where applicable, the report of a special committee formed at the request of the general meeting;

(9)  the other statements and information required by by-law of the credit union;

(10)  any other information required by government regulation.

1988, c. 64, s. 303; 1996, c. 69, s. 94, s. 176, s. 178.

1989-03-15

303. At the end of its fiscal year, the credit union shall prepare an annual report containing

(1)  the corporate name and address of its head office;

(2)  the surname, given name and occupation of each of its officers;

(3)  the number of its members;

(4)  a statement of assets and liabilities, a statement of results, a statement of the stabilization reserve and of the community or social fund, a statement of the surplus earnings, a statement of the general reserve and a statement of provisions to cover losses on credit extended and investments made, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;

(5)  a statement showing the total amount of credit extended to restricted parties and to persons who are associates of any of its officers;

(6)  where applicable, a statement showing the credit union’s participating interest in the investment fund of the federation with which it is affiliated and the return on such interest;

(7)  the auditor’s report;

(8)  the report of activities of the credit committee, of the board of supervision and of special committees, if any;

(9)  the other statements and information required by by-law of the credit union;

(10)  any other information required by government regulation.

1988, c. 64, s. 303.