Rule 80-2-11-.02 - Mobile Credit Union Units(1) A credit union may provide unlimited banking services through mobile credit union units that do not have a single, permanent site and use a vehicle that travels to various locations to enable members to conduct the business of banking.(2) A mobile branch may provide banking services at various regularly scheduled locations or it may be open in a defined area at varying times and locations. If the mobile branch provides banking services at regularly scheduled locations, then it shall be accessible to credit union members in accordance with a published schedule available on the credit union's website. In all circumstances, each mobile branch is required to maintain logs indicating the specific locations and times in which the mobile unit is operating in order to track branch activities.(3) Each credit union providing mobile credit union unit services shall carry adequate fidelity, robbery, and hazard insurance coverage commensurate with the risks associated with the operation of such units.(4) Disclosures shall be given to all members regarding when deposits will be credited and when checks or other withdrawals will be debited.(5) Since a mobile unit will function as a branch, application for approval must be made as it is for all other branches.(6) Credit unions may alter the banking service area set forth in paragraph 2 of this Rule by submitting advance written notification to the Department.Ga. Comp. R. & Regs. R. 80-2-11-.02
O.C.G.A. § 7-1-665.
Original Rule entitled "Mobile Credit Union Units" adopted. F. Jan. 8, 2021; eff. Jan. 28, 2021.