Idaho § 26-2143 HEAD OFFICE AND BRANCH OFFICES

Idaho Statutes

§ 26-2143 — HEAD OFFICE AND BRANCH OFFICES

Idaho·Title 26 BANKS AND BANKING·Ch. 21 IDAHO CREDIT UNION ACT

(1)A credit union may relocate its head office and the location of its books and records upon written notice to the director.

(2)A credit union may, under such rules as the director may adopt, establish branch offices at locations other than its head office. A credit union shall notify the director in writing at least thirty (30) days before opening a branch office location to conduct business.

(3)Prior to opening a branch office location, a credit union must obtain written approval from the director if:

(a)The credit union is subject to an order issued by the director pursuant to this chapter;

(b)The credit union’s current CAMELS rating or its current management or capital CAMELS component ratings, as issued by the director, is a "3," "4," or "5"; or

(c)The location of a proposed br

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(1) A credit union may relocate its head office and the location of its books and records upon written notice to the director.
(2) A credit union may, under such rules as the director may adopt, establish branch offices at locations other than its head office. A credit union shall notify the director in writing at least thirty (30) days before opening a branch office location to conduct business.
(3) Prior to opening a branch office location, a credit union must obtain written approval from the director if:
(a) The credit union is subject to an order issued by the director pursuant to this chapter;
(b) The credit union’s current CAMELS rating or its current management or capital CAMELS component ratings, as issued by the director, is a "3," "4," or "5"; or
(c) The location of a proposed branch office is outside of the credit union’s current field of membership if its membership is based on a well-defined neighborhood, community, or rural district.

Idaho § 26-2143 (HEAD OFFICE AND BRANCH OFFICES) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.