North Dakota Administrative Code
Title 13 - Department of Financial Institutions
Article 13-03 - Credit Unions
Chapter 13-03-04 - Investment in an Office Building, Furniture, and Fixtures - Application to the State Credit Union Board
Section 13-03-04-04 - Information required to accompany application

Universal Citation: ND Admin Code ยง 13-03-04-04

Current through Supplement No. 392, April, 2024

The following information must accompany the application:

1. A blueprint or floor plan, stating type of construction, location, and information about security provisions (vaults, safes, files, alarms), if any.

2. A balance sheet for the month ending immediately preceding the application.

3. A year-end operating statement for each of the past five years, if operating that long.

4. A schedule stating the amount of delinquent loans, and the required reserves, as of the application date.

5. A schedule stating the number and amount of loans charged off, and the amount recovered for the past five years, if operating that long.

General Authority: NDCC 6-01-04, 6-06-06

Law Implemented: NDCC 6-06-06

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