Credit unions.

The California Credit Union Law (CCUL) provides for the licensure and regulation of credit unions by the Commissioner of Financial Protection and Innovation and makes a willful violation of that law a crime. The law prohibits a member of the board of directors, supervisory committee, or credit committee from receiving compensation for services as a member of the board of directors or those committees, subject to an exception for reasonable health, accident, and similar insurance and specified expense reimbursement. Existing law requires credit unions to obtain a bond or insurance coverage for each director, officer, supervisory committee member, and employee, among others, of the credit…