No foreign (other state) credit union may establish a California branch office or California facility unless its deposit or share accounts are insured by the National Credit Union Administration or other insurer that is not unsatisfactory to the commissioner.
Cal. Fin. Code § 16004
General Provisions
Known as the California Credit Union Law
The act spans §§ 14000–16906 (329 sections).
Added by Stats. 2000, Ch. 612, Sec. 3
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.