§ 16509 Foreign Credit Union Notice

• •Only foreign credit unions that are licensed to have an office must follow this rule.
• •The notice has to be placed where the public can easily see it.
• •The notice must list the credit union’s name, the type of office, and the foreign country that created it.

A credit union from Canada gets permission to open a branch in Chicago.

The Canadian credit union has to hang a sign in the branch that says something like, "Maple Credit Union – Branch Office – Organized under Canadian law," so anyone walking by knows who runs the office and where it’s from.