Rules & Regulations of the State of Tennessee
Title 0180 - Financial Institutions
Chapter 0180-29 - Credit Union Field of Membership Expansion
Section 0180-29-.09 - EXPANSION TO ADD A SEPARATE COMMUNITY GROUP

Universal Citation: TN Comp Rules and Regs 0180-29-.09
Current through April 3, 2024

If a community credit union wants to include in its field of membership a separate community, it must make application to the Commissioner to amend its bylaws in accordance with T.C.A.§§ 45-4-102(b) and 45-4-1003(e). The application must be submitted to the Commissioner in duplicate and must include the information as required by 0180-29-.10. The approval of a credit union's application for inclusion of a separate community group in its field of membership will not preclude approval of another credit union's application to include the same or a portion of the same community group in its field of membership as community chartered credit unions are not entitled to any overlap protection.

Authority: T.C.A. §§ 45-1-107(h), 45-4-102(b), 45-4-301(a), 45-4-501(9), 45-4-1001(b), and 45-4-1003(e).

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