RCW 31.12.382
175 words·~1 min read·
/wa/title-31/chapter-31-12/31-12-382·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Membership in a credit union shall be limited to groups having a common bond of occupation or association, or to groups within a well-defined neighborhood, community, or rural district. The director may adopt rules:
(a)Reasonably defining "common bond"; and
(b)setting forth standards for the approval of charters.
(2)The director may approve the inclusion within the field of membership of a credit union a group having a separate common bond if the director determines that the group is not of sufficient size or resources to support a viable credit union of its own.
(3)The director may approve, in accordance with the provisions of this chapter, the inclusion within a credit union's field of membership of groups having a common bond of occupation or association, or groups within a well-defined neighborhood, community, or rural district, notwithstanding the fact that such groups are situated partially or wholly outside this state.
[ 2019 c 19 s 4 ; 1994 c 92 s 178 ; 1984 c 31 s 6 . Formerly RCW 31.12.045 .]