New Jersey Administrative Code
Title 3 - BANKING
Chapter 21 - CREDIT UNIONS
Subchapter 3 - BRANCHING BY A STATE CHARTERED CREDIT UNION
Section 3:21-3.3 - Power to establish branches

Universal Citation: NJ Admin Code 3:21-3.3

Current through Register Vol. 56, No. 18, September 16, 2024

(a) A New Jersey State chartered credit union may establish a branch in other states or territories of the United States provided that it is permitted to establish a branch by the laws of those states or territories and approval to establish such a branch is granted by the Commissioner.

(b) A New Jersey State chartered credit union may establish a branch in New Jersey with the approval of the Commissioner.

(c) An out-of-State state chartered credit union may establish a branch in this State with the approval of the Commissioner.

(d) An out-of-State state chartered credit union may relocate a previously approved New Jersey branch or a New Jersey State chartered credit union may relocate a previously approved in-State or out-of-State branch with the approval of the Commissioner.

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