LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 5Ch. 12Art. 1§ 16510 Foreign Credit Union Offices

§ 16510 Foreign Credit Union Offices

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 16510 Foreign Credit Union Offices

If a credit union from another country gets permission to open several branches, it must pick one of them to be the main office.

Key Takeaways

  • •Only applies to credit unions that are from another country.
  • •The rule kicks in only when the credit union can have more than one office.
  • •The credit union must name one of its offices as the primary (main) office.

Example

A German credit union is allowed to open three branches in the state.

Because it has more than one branch, the credit union has to choose one of those branches and call it its primary office.

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

Official Source
View on CA.gov

§ 16510 Foreign Credit Union Offices

Whenever a foreign (other nation) credit union is licensed to establish more than one office, it shall designate one of its offices as its primary office. (Added by Stats. 2000, Ch. 612, Sec. 4. Effective January 1, 2001.)

Last verified: January 11, 2026

Key Terms

foreign credit unionprimary office

Related Statutes

  • § 16503 Foreign Credit Union Branch Requirements
  • § 16509 Foreign Credit Union Notice
  • § 16512 Foreign Credit Union Rules
  • § 16011 Foreign Credit Union Offices
  • § 1400 Minor Bank Account Ownership

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 16510.
View Official Source