California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 30 - Credit Unions
Article 1 - General Provisions
Section 30.60 - Existing Credit Union: Application for Expansion of Field of Membership
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) In this Section, the term "community" means a well-defined neighborhood, community or rural district.
(b) Except as authorized by Section 30.73, a credit union may not expand its field of membership without the prior approval of the Commissioner.
(c) A credit union may not expand its field of membership except through an amendment to its bylaws.
(d) An application for an expansion of the field of membership of an existing credit union shall include the following information:
1. New
section filed 2-27-2003; operative 3-29-2003 (Register 2003, No.
9).
2. Repealer of subsection (d)(2) and subsection renumbering
filed 3-27-2018; operative 4-1-2018 pursuant to Government Code section
11343.4(b)(3)
(Register 2018, No. 13).
Note: Authority cited: Section 14201, Financial Code. Reference: Sections 14155 and 15451, Financial Code.