Get Form To Request Approval To Pay Dividends

Filling out the Form To Request Approval To Pay Dividends is a crucial step for credit unions seeking to manage their dividend payments effectively. This guide will provide you with a comprehensive overview of the form and step-by-step instructions to ensure your submission is accurate and complete.

Follow the steps to successfully complete the dividend approval request form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the name of your credit union in the designated field.
3. Input the date of your request, ensuring the format aligns with any specified guidelines.
4. Specify the quarter and year for which you are requesting approval to pay dividends.
5. Fill in the net loss year-to-date as it is critical for the approval assessment.
6. Provide the name, phone number, and e-mail address of the contact person at your credit union.
7. Indicate the type of share account for which you are requesting approval to pay dividends.
8. Detail the term of the share account and the rate you are requesting to be paid.
9. Specify the minimum balance required for the share account.
10. If necessary, attach a rate sheet with the aforementioned information to your request.
11. Move to the reverse side of the form to provide reasons for the expected net loss.
12. Outline your plan of corrective action to address the net loss.
13. Ensure the form is signed by the CEO or President / Chairman of the Board.
14. Once completed, you can save your changes, download, print, or share the form as needed.

Get started by filling out your Form To Request Approval To Pay Dividends online today.