OAR 441-710-0035
Community Charter Applications

A credit union applying for a community charter must complete an application to include at least the following information:

(1)

Written authorization for the application signed by the Board of Directors.

(2)

Bylaws or amendment to bylaws showing current and revised field of membership.

(3)

Identification of the area the credit union wishes to serve and the total population of the proposed community. Quote source for the population figures.

(4)

If the area to be served consists of more than one precinct, district, city, county, or other defined boundaries, a detailed description of how the persons in the area interact or share interests.

(5)

Map of proposed well-defined local community, neighborhood or rural district.

(6)

Most recent monthly financial statement, including income and expense statement; and

(7)

Business plan showing how credit union will provide service to proposed community, pro forma financial statements for the first three years of operation including assumptions used, and facility locations. The plan should include information on services and products offered by the institution.

(8)

If the credit union applying for a community charter wishes to continue credit union services to a former group or former groups in accordance with ORS 723.172 (Credit union membership), the credit union must comply with the application requirements set forth in OAR 441-710-0071 (Application to Serve Former Occupational Groups and Associational Members).

Source: Rule 441-710-0035 — Community Charter Applications, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-710-0035.

441–710–0000
Definitions 441–710–0020
Membership in General 441–710–0035
Community Charter Applications 441–710–0037
Procedures for Amending Bylaws on Community Charter Field of Membership 441–710–0070
Procedures for Amending Bylaws on Field of Membership 441–710–0071
Application to Serve Former Occupational Groups and Associational Members 441–710–0075
Underserved Areas 441–710–0085
Guidelines for a Low-Income Designated Credit Union 441–710–0240
Limitations on Ownership of Fixed Assets 441–710–0260
Investment in Fixed Assets 441–710–0270
Investment in Premises 441–710–0305
Compensation of Boards of Directors and Supervisory Committee Members 441–710–0325
Housing Agency Low Income Rental Housing Fund Client Trust Accounts 441–710–0400
Loans to Officials 441–710–0450
Mergers of Community Charters 441–710–0460
Notice to Members of Merger Plan 441–710–0500
Fees and Charges Credit Unions Pay the Director 441–710–0505
Amendment and Late Charge Fees 441–710–0510
Annual Audit 441–710–0515
Required “Additional Reports” Defined 441–710–0520
Reports and Filings When Credit Union Invests in CUSO 441–710–0525
Duty to Report Changes in Accounting Systems, Methods or Procedures 441–710–0527
Regular Meetings of Credit Union Board of Directors 441–710–0530
Accrual Accounts, When Required 441–710–0535
Back-Up Records 441–710–0540
Contents of Foreclosure Notices

Last Updated

Jun. 8, 2021

Rule 441-710-0035’s source at or.us

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Location: https://oregon.public.law/rules/oar_441-710-0035

Original Source: Rule 441-710-0035 — Community Charter Applications, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-710-0035 (last accessed Jun. 8, 2021).