No foreign (other nation) credit union may establish a branch office 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 § 16503
General Provisions
Known as the California Credit Union Law
The act spans §§ 14000–16906 (329 sections).
Added by Stats. 2000, Ch. 612, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.