Credit Union-Issued Securities

​​​​​​​​​​​Statute: Wis. Stat. s. 551.201(3)(b) and Wis. Stat. s. 551.102(5)(b)

Used for: Securities issued by a federal or state-chartered credit union

Filing requirement: Self-executing. No filing or Consent to Service of Process is necessary to claim this exemption.

Frequently asked questions:
​
Q: Did the National Securities Market Improvement Act (NSMIA) affect Wisconsin's ability to enforce this exemption?

A: No. NSMIA did not affect states' ability to regulate Credit Union-issued securities.

History: Predecessor statute Wis. Stat. s. 551.22(5) adopted on January 1, 1970. Repealed and recreated January 1, 2009.


Con​​ta​​ct Us

Phone: (608) 266-2139

Email: DFISecurities@dfi.wisconsin.gov​​