N.J. Admin. Code § 3:21-3.3

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

Section 3:21-3.3 - Power to establish branches

(a) A New Jersey State chartered credit union may establish a branch in other states or territories of the United States provided that it is permitted to establish a branch by the laws of those states or territories and approval to establish such a branch is granted by the Commissioner.

(b) A New Jersey State chartered credit union may establish a branch in New Jersey with the approval of the Commissioner.

(c) An out-of-State state chartered credit union may establish a branch in this State with the approval of the Commissioner.

(d) An out-of-State state chartered credit union may relocate a previously approved New Jersey branch or a New Jersey State chartered credit union may relocate a previously approved in-State or out-of-State branch with the approval of the Commissioner.

N.J. Admin. Code § 3:21-3.3