No. 20715
Promulgation Date 2025-01-21
Financial Services Commission
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Definitions)
Article 3 (Name)
Article 4 (Registration)
Article 5 (Cooperation with other cooperatives)
Article 6 (Relationship to other statutes)
CHAPTER II UNION
SECTION 1 Incorporation
Article 7 (Establishment)
Article 8 (Requirements for authorization)
Article 8-2 (Public announcement of authorization)
Article 9 (Common bond and office)
Article 10 (Matters to be stated in the articles of incorporation)
SECTION 2 Union Memeber And Investment
Article 11 (Qualification for membership)
Article 12 Deleted.
Article 13 (Capital)
Article 14 (Investment money)
Article 15 (Transfer)
Article 16 (Withdrawals)
Article 17 (Refund of investment money of union member withdrawn or expelled)
Article 18 (Expulsion)
Article 19 (Right to resolution and voting right)
Article 20 (Union member’s liability)
Article 21 Deleted.
Article 22 (Request for revocation of resolution)
SECTION 3 Organs
Article 23 (General meetings)
Article 24 (Matters subject to resolution of general meeting)
Article 25 (Holding and resolution of general meeting)
Article 26 (Request for convocation of general meeting)
Article 26-2 (Special cases concerning resolution of general assembly)
Article 27 (Executive officers)
Article 27-2 (Restriction on election campaign for executive officers)
Article 27-3 (Organization and operation of union election commission)
Article 27-4 (Special cases concerning decision on elected president of board of directors)
Article 28 (Restriction on qualifications for executive officers)
Article 29 Deleted.
Article 30 (Officers)
Article 30-2 (Prohibition of bribery)
Article 31 (Term of office)
Article 32 (Sanction against executive officer who fails to fulfill obligation)
Article 33 (Responsibilities of executive officers)
Article 34 (Board of directors)
Article 35 (Convocation of meetings of board of directors)
Article 36 (Matters subject to resolution by board of directors)
Article 37 (Auditors' duties)
Article 38 (Auditors' authority to represent)
SECTION 4 Business
Article 39 (Categories of business)
Article 40 (Non-union members’ use of business)
Article 41 (Borrowing funds)
Article 42 (Limit of loans granted to same person)
Article 43 (Reserve for repayment)
Article 44 (Operation of surplus money)
Article 45 (Restriction on possession of real estate)
Article 45-2 (Obligations to take measures to protect customer service employees)
Article 45-3 (Request for interest rate reduction)
SECTION 5 Accounting
Article 46 (Business year)
Article 47 (Accounting and settlement of accounts)
Article 48 (Business plans and budget)
Article 49 (Legal reserve)
Article 50 (Voluntary reserve)
Article 51 (Special reserve)
Article 52 (Disposal of losses)
Article 53 (Disposal of profits)
SECTION 6 Dissolution, Division, And Merger
Article 54 (Dissolution)
Article 55 (Merger and division)
SECTION 7 Liquidation
Article 56 (Supervision over liquidation affairs)
Article 57 (Liquidator)
Article 58 (Residual property after dissolution)
Article 59 (Liquidator’s duties)
Article 60 (Application mutatis mutandis of the Civil Act)
CHAPTER III THE FEDERATION
SECTION 1 ESTABLISHMENT AND INVESTMENT
Article 61 (Establishment)
Article 62 (Membership)
Article 63 (Capital and investment)
Article 64 (Matters to be stated in the articles of incorporation)
Article 65 (Business area and office)
Article 66 (Membership fees)
Article 67 (Dissolution)
SECTION 2 Organs
Article 68 (General meetings)
Article 69 (Resolutions by general meeting)
Article 70 (Board of representatives)
Article 71 (Full number of executive officers)
Article 71-2 (Appointment of and qualification requirements for executive officers)
Article 71-3 (Personnel Recommendation Committee)
Article 72 (Executive officers' duties and terms)
Article 73 (Employees)
Article 74 (Board of Directors)
Article 75 (Matters subject to resolution of the board of directors)
Article 76 (Audit Committee)
Article 76-2 (Audit Committee's mission)
Article 76-3 (Internal control standards)
Article 76-4 (Appointment of agent)
Article 77 (Training center)
SECTION 3 Business
Article 78 (Categories of business)
Article 78-2 (Use of business service of person other than unions)
Article 79 (Operation of funds)
Article 79-2 (Application mutatis mutandis of request for interest rate reduction)
Article 80 (Establishment of Personnel Management Committee)
Section 4 Credit Union Depositors Protection Fund
Article 80-2 (Establishment of credit union depositors protection fund)
Article 80-3 (Raising and management of the fund)
Article 80-4 (Acquisition of claims)
Article 80-5 (Exercise of right to claim compensation for damage)
Article 80-6 (Requests for provision of materials)
Article 80-7 (Setting target amount of reserves)
SECTION 5 Accounting
Article 81 (Business budget and settlement of accounts)
Article 82 (Reduction of amount of investment)
CHAPTER IV SUPERVISION
Article 83 (Supervision by the Financial Services Commission)
Article 83-2 (Public notice of business management)
Article 83-3 (Standards for management soundness)
Article 83-4 (Submission of business report)
Article 83-5 (Openness in management)
Article 84 (Administrative dispositions against executive officers and employees)
Article 84-2 (Notice of measures taken against retired executive officers)
Article 85 (Administrative dispositions against union)
Article 86 (Management under administratorship)
Article 86-2 (Qualification and authority of administrator)
Article 86-3 (Notification and registration of administration of business)
Article 86-4 (Decision on transfer of contracts)
Article 86-5 (Effect of the decision on transfer of contracts)
Article 87 Deleted.
Article 88 (Application for bankruptcy)
Article 88-2 (Bankruptcy trustee)
Article 89 (Instruction and supervision by the National Federation)
Article 89-2 (Request for inspection from union members or unions)
Article 90 Deleted.
CHAPTER V SUPPLEMENTARY PROVISIONS
Article 91 Deleted.
Article 92 (Government’s cooperation)
Article 93 (Prohibition of involvement in politics)
Article 94 (Contracts with foreign institutions)
Article 95 (Special cases concerning Agricultural Cooperatives)
Article 96 (Delegation of authority)
Article 97 (Mutual aid business)
Article 98 (Hearings)
CHAPTER VI PENALTY PROVISIONS
Article 99 (Penalty provisions)
Article 100 (Joint penalty provisions)
Article 101 (Administrative fine)
ADDENDA <Act No. 5506, Jan. 13, 1998>
ADDENDUM <Act No. 5739, Feb. 1, 1999>
ADDENDA <Act No. 5982, May 24, 1999>
ADDENDA <Act No. 6018, Sep. 7, 1999>
ADDENDA <Act No. 6187, Jan. 21, 2000>
ADDENDA <Act No. 6204, Jan. 28, 2000>
ADDENDA <Act No. 6256, Jan. 28, 2000>
ADDENDA <Act No. 6957, Jul. 30, 2003>
ADDENDA <Act No. 7428, Mar. 31, 2005>
ADDENDUM <Act No. 8145, Dec. 30, 2006>
ADDENDA <Act No. 8635, Aug. 3, 2007>
ADDENDUM <Act No. 8840, Jan. 17, 2008>
ADDENDA <Act No. 8852, Feb. 29, 2008>
ADDENDA <Act No. 8863, Feb. 29, 2008>
ADDENDA <Act No. 10303, May 17, 2010>
ADDENDA <Act No. 10522, Mar. 31, 2011>
ADDENDA <Act No. 10682, May 19, 2011>
ADDENDA <Act No. 10866, Jul. 21, 2011>
ADDENDUM <Act No. 11039, Aug. 4, 2011>
ADDENDA <Act No. 11545, Dec. 11, 2012>
ADDENDUM <Act No. 12382, Jan. 28, 2014>
ADDENDA <Act No. 13067, Jan. 20, 2015>
ADDENDUM <Act No. 14457, Dec. 20, 2016>
ADDENDA <Act No. 14824, Apr. 18, 2017>
ADDENDA <Act No. 16292, Jan. 15, 2019>
ADDENDA <Act No. 16652, Nov. 26, 2019>
ADDENDA <Act No. 17112, Mar. 24, 2020>
ADDENDUM <Act No. 17803, Dec. 29, 2020>
ADDENDUM <Act No. 18125, Apr. 20, 2021>
ADDENDA <Act No. 18714, Jan. 4, 2022>
ADDENDA <Act No. 19259, Mar. 21, 2023>
ADDENDA <Act No. 19565, Jul. 18, 2023>
ADDENDA <Act No. 19853, Dec. 26, 2023>
ADDENDA <Act No. 20434, Sep. 20, 2024>
ADDENDA <Act No. 20715, Jan. 21, 2025>