Nev. Admin. Code § 678.010 - Formation

1. Any person desiring to form a credit union pursuant to chapter 678 of NRS must:
(a) Complete the Organization Certificate, Confidential Report of Officials, Agreement by Director and Committeemen to Serve, Report of Officials and Credit Union Investigation Report provided by the Commissioner.
(b) Submit the forms required by paragraph (a) to the Commissioner, together with an investigation fee of $750 and a charter fee of $300.
2. The Commissioner will investigate and determine whether the proposed Organization Certificate conforms to the requirements of chapter 678 of NRS concerning the general character and fitness of the subscribers thereto, and determine the economic feasibility of establishing the proposed credit union.
3. If the Commissioner is satisfied that the qualifications have been met, he will issue a charter to the proposed credit union.


Nev. Admin. Code § 678.010
Comm'r of Credit Unions, § A subsecs. 1-3, eff. 8-12-76; A 12-14-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84; A by Comm'r of Financial Institutions by R002-00, 3-13-2000; R110-06, 6-28-2006

NRS 678.250, 678.270, 678.310

State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.

No prior version found.