Section 6-403 - Examinations of Credit Unions

(a) In this section, 'examiner' means: (1) The Commissioner; and (2) An individual whom the Commissioner designates as examiner. (b) An examiner shall visit each credit union and examine its business: (1) At least once during each calendar year, unless the Commissioner determines that, during a calendar year, an examination is unnecessary, in which event an examination shall occur no less frequently than once every 18 months; (2) When requested by the board or supervisory committee of the credit union; and (3) At any other time that the Commissioner considers necessary.