§ 14153 Credit Union Application Review

Financial Code·California

AI SummaryVerified

This law says the government checks if a new credit union is safe and follows the rules before allowing it to open.

Key Takeaways

•The government checks new credit unions before they can open.
•They look at the application and other papers to make sure everything is okay.
•They can ask more questions or do more checks if they need to.

Example

A group of people want to start a credit union to help their community save and borrow money.

The government will look at their plans and check if they are doing everything right before saying yes.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 14153 Credit Union Application Review

Upon the filing of the application for a certificate to act as a credit union, the commissioner shall examine the application together with the other papers and documents filed therewith. The commissioner may make any further investigation of the applicant and its affairs that he deems advisable. (Added by Stats. 1979, Ch. 112.)

Last verified: January 11, 2026

Key Terms

certificate to act as a credit union commissioner application further investigation

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 14153.

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Example

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Key Takeaways

Example

Key Terms

Related Statutes

References