New Jersey Administrative Code
Title 3 - BANKING
Chapter 21 - CREDIT UNIONS
Subchapter 3 - BRANCHING BY A STATE CHARTERED CREDIT UNION
Section 3:21-3.1 - Purpose and scope
Universal Citation: NJ Admin Code 3:21-3.1
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The purpose of this subchapter is to permit State chartered credit unions to have parity with Federally chartered credit unions by allowing interstate branching on a reciprocal basis. These rules also set forth the requirements for in-State branching by New Jersey State chartered credit unions.
(b) This subchapter shall apply to New Jersey State chartered credit unions that wish to establish a branch in New Jersey or in a state other than New Jersey. It shall also apply to out-of-State state chartered credit unions that wish to establish a branch in New Jersey.
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