2017 Wisconsin Statutes & Annotations
Chapter 186. Credit unions.
186.03 Use of name exclusive.

Universal Citation: WI Stat § 186.03 (2017)

186.03 Use of name exclusive.

(1)Limits. A person may not use a name containing the phrase “credit union", represent itself as a credit union or conduct business as a credit union unless the person is any of the following:

(a) A credit union.

(b) An association of credit unions.

(c) An organization, association or corporation whose membership or ownership is primarily confined or restricted to credit unions.

(2)Use required. A credit union shall use the phrase “credit union" in its corporate name.

(3)Name approval. The office of credit unions shall approve a credit union's name before the name is officially adopted. A credit union may not adopt the name of another credit union doing business in this state.

(4)Penalty. Whoever violates this section may be fined not more than $5,000.

History: 1971 c. 193 s. 42 (1); 1985 a. 127; 1993 a. 112; 1995 a. 27; 1995 a. 151 ss. 63, 64, 301.

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