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.
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.