Member Withdrawal and Expulsion Policy

Pursuant to K.S.A. Section § 17-2219, the Board of Directors of Mid American Credit Union adopt the following policy for the withdrawal and expulsion of members.


  1. Withdrawal by Member. Pursuant to K.S.A. § 17-2219 (c), a member may withdraw from Mid American Credit Union by filing a written notice or other approved electronic method.

  1. Expulsion by Members. Pursuant to K.S.A. 17-2219(a)(1), the members, at any regularly called meeting of the membership, by a two-thirds vote of those present, may expel any member from the Credit Union.

  1. Expulsion by Credit Union. The President, or any other Credit Union employee designated by the President, or the members in the manner described above, may expel a member from membership in the Credit Union for any of the following reasons:


  • a member’s abuse of member account privileges;
  • a member’s act or failure to act, which causes a financial loss to the Credit Union;
  • a member’s failure to purchase shares and utilize loan or other services of the Credit Union; or


  • a member’s failure to comply with this Member Withdrawal and Expulsion Policy, which includes a member who:


  • adversely affects, disrupts, or interferes with the business operations and activities of the Credit Union;


  • has his or her employment with the Credit Union terminated for cause;


  • takes any action which adversely affects the safety or soundness of the Credit Union;


  • disrupts or interferes with the activities of any membership, committee, or board meeting, or the election of any officer, director, or committee person of the Credit Union;


  • conducts his or her business affairs with the Credit Union in a manner contrary to the safe and sound operations of the Credit Union;


  • causes embarrassment or public disfavor to the reputation of the Credit Union;


  • commits any crime in which any member, volunteer, or staff person of the Credit Union causes damage of any property of the Credit Union;


  • harasses or acts abusive toward, in any way, manner, or form, any volunteer, member, or staff person of the Credit Union; or


  • takes any other action, which, under the circumstances, the Credit Union deems it necessary to expel the member, even though the action is not expressly prohibited by the Department of Credit Unions or the Credit Union’s bylaws.


  1. Reason for Expulsion. A member expelled by the Credit Union shall be informed of the reason for expulsion and shall be reported to the Board at the next regularly scheduled Board meeting.


  1. Appeal of Expulsion. An expelled member may appeal the expulsion to the Board of Directors by making a written request to the Board of Directors within thirty (30) days of the date of the expulsion.


  1. Reinstatement of Member. Reinstatement of an expelled member is solely within the authority of the Board of Directors.  An expelled member may seek reinstatement by written request to the Board of Directors, along with any information the expelled member would like the Board of Directors to consider.


  1. Withdrawing or expelled Members Share Balance. The share balance of an expelled or withdrawing member, with any dividends credited to his or her shares to the dates of expulsion, or withdrawal, will be paid to said member but only as funds therefor become available, and, after deducting any amounts due to the credit union by said member.


  1. No Further Right to Participate. Any member who has withdrawn or has been expelled, shall have no further right in the Credit Union or to enjoyment of any of its benefits, but such withdrawal or expulsion shall not operate to relieve such member from any remaining liability to the Credit Union.


  1. Notice of This Policy. Written notice, or by any other method permitted by law, of this Member Withdrawal and Expulsion Policy, along with its effective date shall be sent to the member not less than thirty (30) days prior to its effective date.  In addition, the institution shall mail or deliver the disclosures no later than 10 business days after the account opened or the service is provided, whichever is earlier.


Effective August 15, 2021