# Fla. Stat. § 657.023: 657.023 Membership

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.023

## Section

- **Citation:** Fla. Stat. § 657.023
- **Heading:** 657.023 Membership
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title XXXVIII / Chapter 657 / Section 657.023

## Text

(1) Upon payment of any required entrance or membership fee, payment of shares as required by the bylaws, and compliance with the bylaws, any person within the limited field of membership of a credit union may be admitted to its membership.

(2) Members of the credit union shall not be personally or individually liable for payment of the debts of the credit union.

(3) A credit union may close the account and terminate the membership of any member whose actions have resulted in any financial loss to the credit union or for good cause.

(4) Denial of membership hereunder shall not be considered to be a denial of credit.

History: ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318; ss. 6, 46, ch. 82-214; s. 1, ch. 91-307; ss. 1, 83, ch. 92-303; s. 13, ch. 2005-181.

## Nearby sections

- [Fla. Stat. § 657.001 657.001 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.001.md)
- [Fla. Stat. § 657.002 657.002 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.002.md)
- [Fla. Stat. § 657.003 657.003 Purposes.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.003.md)
- [Fla. Stat. § 657.005 657.005 Application for authority to organize a credit union; investigation.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.005.md)
- [Fla. Stat. § 657.008 657.008 Place of doing business.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.008.md)
- [Fla. Stat. § 657.021 657.021 Board of directors; executive committee responsibilities; oaths; reports to the office.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.021.md)
- [Fla. Stat. § 657.022 657.022 Executive officers.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.022.md)
- [Fla. Stat. § 657.023 657.023 Membership.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.023.md)
- [Fla. Stat. § 657.024 657.024 Membership meetings.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.024.md)
- [Fla. Stat. § 657.026 657.026 Supervisory or audit committee.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.026.md)
- [Fla. Stat. § 657.027 657.027 Credit committee and credit manager.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.027.md)
- [Fla. Stat. § 657.028 657.028 Activities of directors, officers, committee members, employees, and agents.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.028.md)
- [Fla. Stat. § 657.031 657.031 Powers.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.031.md)
- [Fla. Stat. § 657.033 657.033 Accounts.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.033.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.023. Check the current official text before relying on it. Not legal advice.