§ 15200 Credit Union Mergers

Financial Code·California

AI SummaryVerified

This law lets a credit union combine with another credit union or a central credit union, but only if the state commissioner gives permission.

Key Takeaways

•A credit union can merge with another credit union or a central credit union.
•The merger requires approval from the state commissioner.
•The rule applies to any credit union that wants to merge.

Example

A local credit union wants to join forces with a larger credit union to offer more services to its members.

The smaller credit union must ask the state commissioner for approval before it can officially merge with the larger one.

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

Official Source

View on CA.gov

§ 15200 Credit Union Mergers

Any credit union may, with the approval of the commissioner, merge with another credit union or with a central credit union. (Amended by Stats. 1984, Ch. 452, Sec. 5.)

Last verified: January 11, 2026

Key Terms

credit union merge commissioner central credit union

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 15200.

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Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References