§412:10-103  Application for charter.  (a) Five or more residents of this State who share a common bond may file anapplication with the commissioner to engage in the business of a credit union.

(b)  The application shall contain thefollowing information, unless waived by the commissioner:

(1)  The proposed name of the credit union;

(2)  Proposed lease agreements for its principaloffice;

(3)  The territory in which the proposed credit unionwill operate;

(4)  A business plan;

(5)  Employment history, education, managementexperience, and other biographical information for all original charteringapplicants, and proposed executive officers of the credit union;

(6)  Proposed policies regarding loans, investments,operations, accounting, recordkeeping, and applicable federal and stateconsumer laws;

(7)  Information necessary to conduct a criminalhistory record check in accordance with section 846-2.7 of each of the originalchartering applicants and proposed executive officers of the credit union,accompanied by payment of the applicable fee for each record check to beconducted; and

(8)  Any other information that the commissioner mayrequire.

(c)  The application shall be submitted on aform prescribed by the commissioner.  The application shall be accompanied by afee as the commissioner shall establish by rule, no part of which shall berefundable. [L 1993, c 350, pt of §1; am L 2008, c 196, §8]