Confidential records - Disclosure of confidential information. (A) The following records of the State Credit Union Board, the Bank Commissioner, Administrator and State Banking Department are designated as public records: (1) All applications for credit union charters and supporting information with the exception of personal financial records of individual applicants; (2) All records introduced at public hearings on credit union charter applications; (3) Information disclosing the failure of a credit union and the reasons therefor; (4) Reports of completed investigations which uncover a shortage of funds in a credit union, after the reporting of the shortage to proper authorities by the Bank Commissioner; and (5) All items filed in the office of the Secretary of State. (B) All other credit union records in the State Banking Department including but not limited to records of the State Credit Union Board, the Bank Commissioner, the Deputy Commissioner and the Administrator shall be confidential and not subject to public inspection; provided, however, that the State Credit Union Board, Bank Commissioner, Administrator, or Deputy Commissioner may divulge such confidential information with the written approval of the Bank Commissioner after receipt of a written request which shall: (1) Specify the record or records to which access is requested; and (2) Give the reasons for the request. Such records may also be produced pursuant to a valid judicial subpoena or other legal process requiring production, if the Bank Commissioner determines that the records are relevant to the hearing or proceeding and that production is in the best interests of justice. The records may be disclosed only after a determination that good cause exists for the disclosure. Either prior to or at the time of any disclosure, the Bank Commissioner shall impose such terms and conditions as he deems necessary to protect the confidential nature of the record, the financial integrity of any institution to which the record relates, and the legitimate privacy interests of any individual named in such records.
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