Oregon Statutes 723.686 – Conversion of charter
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(1) A credit union chartered under the laws of this state may be converted to a credit union chartered under the laws of the United States, subject to the approval of the National Credit Union Administration.
Terms Used In Oregon Statutes 723.686
- Department: means the Department of Consumer and Business Services. See Oregon Statutes 723.001
- Director: means the Director of the Department of Consumer and Business Services. See Oregon Statutes 723.001
- National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(2) A credit union chartered under the laws of the United States may convert to a credit union chartered under the laws of this state subject to approval of the Director of the Department of Consumer and Business Services. [1975 c.652 § 72; 1987 c.286 § 12]
CENTRAL CREDIT UNIONS