US Laws, Codes, Statutes & Cases

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 21
                            IDAHO CREDIT UNION ACT
    26-2143.  BRANCH OFFICES. A credit union may under such regulations as the
director may adopt establish branch offices at locations other than its main
office if the maintenance of such branch offices shall be reasonably necessary
to furnish services to its membership.  The credit union must justify that
ninety per cent (90%) of the cost of the branch and its operation will be
derived from existing and potential membership in the proposed area.  No
additional branch offices shall be established to serve persons who are not
entitled to membership as defined in the common bond provision of the existing
field of membership.
    Prior written approval of the director shall be necessary for the
establishment of branch offices. He shall have the authority to issue notice
and hold a hearing to determine if the establishment of the branch office is
necessary and in the best interests of the credit union.
    The applicant credit union will pay to the department of finance an
investigation fee to cover the actual cost of investigation not to exceed five
hundred dollars ($500). These funds will be deposited into the finance
administrative account pursuant to section 67-2702, Idaho Code.