| Updated: |
7/6/2007 |
| Description: |
Oregon credit unions are chartered under the Credit Union Act, Oregon Revised Statute 723. The application must have a field of membership of occupational, associational, or community charter; formation procedures are in the statute.
"Credit union" is a cooperative, nonprofit association, incorporated under the laws of this state, for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest, and providing an opportunity for its members to use and control their own money in order to improve their economic and social condition. |
| Statutes, Rules, Ordinances: |
ORS 723
OAR 441-710 & 720
|
| Duration: |
Ongoing, dependent upon soundness & fee payment |
| Fees - application, exam, etc.: |
See OAR 441-710-0500 & 0505 |
| Responsible Agency: |
Finance & Corporate Securities Div DFCS - Licenses |
| Prerequisites: |
Credit Union FAQs |
| Application Form: |
Multiple forms required |
| Service Links: |
 Division Web site, Credit unions section
 Credit union branches
 Credit union forms, link list
Agency Contact Information
|
| Additional Information: |
Overnight mail address: 350 Winter St NE, Room 410
Salem, OR 97301-3881 |
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Agency Information
|
|
Please refer to the Agency Website for further details and additional information.
|
| Agency Name: |
Finance & Corporate Securities Div DFCS - Licenses |
| E-mail Address: |
dcbs.dfcsmail@state.or.us
|
| Phone: |
503-378-4140
|
| Mail Address: |
Division of Finance & Corporate Securities
PO Box 14480
Salem, OR 97309
- 0405
|
| Website Information: |
http://dfcs.oregon.gov/ |
