N.J. Admin. Code § 3:21-3.1

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:21-3.1 - Purpose and scope

(a) The purpose of this subchapter is to permit State chartered credit unions to have parity with Federally chartered credit unions by allowing interstate branching on a reciprocal basis. These rules also set forth the requirements for in-State branching by New Jersey State chartered credit unions.

(b) This subchapter shall apply to New Jersey State chartered credit unions that wish to establish a branch in New Jersey or in a state other than New Jersey. It shall also apply to out-of-State state chartered credit unions that wish to establish a branch in New Jersey.