December 7, 2016

TO:     ALL WISCONSIN STATE-CHARTERED CREDIT UNIONS

RE:     MEMBER BUSINESS LOAN RULE

On January 1, 2017, the National Credit Union Administration's revised rule on Member Business Loans; Commercial Lending (Part 723) will take effect.  This rule does not apply to Wisconsin state-chartered credit unions.  Wisconsin state-chartered credit unions must comply with Wisconsin Administrative Code DFI-CU 72, ​Member Business Loans.

The Office of Credit Unions has initiated the rule making process to update DFI-CU 72.  However, until a new rule is finalized, the existing rule remains in effect.

Questions regarding this letter should be directed to the Office of Credit Unions at (608) 261-9543.

​Sincerely,

Kim Santos

Director

OFFICE OF CREDIT UNIONS​