Iowa Admin. Code r. 189-2.6 - Application for charter
(1)
Applicants ' duties. The applicants for charter shall inform
the superintendent of the division of the interest and commitment regarding
forming a credit union. The applicants shall also obtain from the
superintendent the necessary information regarding applying for a charter, as
well as an application and any other documents required for chartering . The
applicants shall be responsible for filing all documents required for
chartering and incorporation with the superintendent .
(2)
Application for
chartering . The documents contained as part of the application for
chartering shall include, but not be limited to, documents requesting the
following information: names, addresses and current employment of all
applicants ; the proposed management staff and the proposed slate of credit
union officers; a summary of the plan of business which indicates the economic
feasibility of the operation of the credit union; a description of the common
bond ; and a draft of bylaws and articles of incorporation.
Notes
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