Can a member be expelled from a Credit Union?

Yes for the following reasons: (I) Refusal to comply with the rules of the Credit Union. (II) Divulging confidential information. (III) Deceiving the Credit Union with regard to the purpose of money borrowed. (IV) Spreading false reports about the management and finances of the Credit Union. (V) Willfully making any entry or erasure or omission from any passbook or record or return of the Credit Union with intent to falsify it. (VII) Declaration of membership found to be false. (VIII) Failed for a significant period of time to participate adequately in the affairs of the Credit Union. Members shall be notified in writing by the committee about their explusion. A member's explusion does not absolve them from any liabilities arising.

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