Oklahoma Administrative Code
Title 180 - Oklahoma State Credit Union Board
Chapter 10 - Supervision, Regulation and Administration
Subchapter 1 - Department and Board Requirements
Section 180:10-1-17 - Credit union branches

(a) No credit union shall be permitted to establish and operate a branch, or relocate a branch, except upon application to, and approval by, the Commissioner. A credit union's branch must be located on real property owned or leased by the credit union.

(b) A credit union desiring to establish or relocate a branch shall submit to the Commissioner the original and one copy of an application on a form prescribed by the Commissioner. The application shall be executed by the applicant's managing officer. An application fee of $400 must accompany each application.

(c) The Commissioner may request additional information from the applicant and conduct such investigation as is considered appropriate.

(d) If the Commissioner determines that the application should not be approved, the applicant may appeal the Commissioner's decision to the Board. In lieu of making the initial decision, the Commissioner shall have the absolute discretion to defer ruling on any application thereby allowing such application to be heard before the Board for approval or disapproval.