FROM: Harvey J. Baine III
Regional Director, Region II (Capital)
SUBJ: Proposed Nonstandard Bylaw Amendment
DATE: April 30, 1990
We have not objected to the credit union's proposed amendment to Article VI, Section 1 for reasons stated in General Counsel's memo to RD Baine on April 19, 1990.
We notified the credit union that the modification of Article XIX, Section 8 providing for indemnification of the FCU's officials and employees was not approved. The reasons for denying the proposal are included in general counsel's memo. A copy of GC's memo is included.