Sec. 06.50.050. Investigation by department.
Within 60 days after an applicant files a completed application, the bond, and an application fee, the department shall investigate whether the applicant satisfies the qualifications of AS 06.50.020(a). If the department finds that the applicant satisfies the qualifications, it shall approve the application and issue the applicant a license to engage in the business […]
Sec. 06.45.240. Conversions.
(a) A federal credit union may convert into a credit union organized under this chapter by complying with applicable federal law and by qualifying under this chapter. (b) A credit union organized under this chapter may convert into a federal credit union by complying with this chapter and by qualifying under federal law.
Sec. 06.50.060. Conditions precedent to license.
The requirements of AS 06.50.030 – 06.50.050 are conditions precedent to the issuance of a license under this chapter. The license permits the applicant to make advances under this chapter at the location specified in the application.
Sec. 06.45.250. Insurance of member accounts.
A credit union organized under this chapter shall, under regulations adopted by the commissioner, participate in insurance of member accounts under programs offered by the National Credit Union Administration Board or a program of comparable insurance approved by the commissioner.
Sec. 06.45.260. Liquidity facility participation.
A credit union organized under this chapter may, under regulations adopted by the commissioner, participate in the programs offered by the National Credit Union Central Liquidity Facility.
Sec. 06.45.270. Conflict of interest.
(a) A member of the board of directors or a member of the credit committee or supervisory committee or an employee of a credit union may not participate in the deliberation or the determination of a question affecting the person’s own pecuniary interest or the pecuniary interest of a corporation, partnership, or association in which […]
Sec. 06.45.280. Merger.
(a) A credit union may merge with another credit union under a plan agreed upon by a majority of the board of directors of each credit union and approved by a majority of the members of each credit union present at meetings called to approve the plan. (b) The commissioner may by regulation establish further […]
Sec. 06.45.290. Branch offices.
A credit union may establish a branch office under regulations of the commissioner.
Sec. 06.45.295. Automated teller machines.
(a) A state credit union may establish, maintain, and operate an automated teller machine on the premises of the main office or a branch office of the state credit union. (b) A state credit union may establish, maintain, and operate an automated teller machine at a location other than credit union premises by notifying the […]
Sec. 06.45.300. Unauthorized conduct of credit union business.
It is a class A misdemeanor for a natural person to conduct business under a name or title that contains the words “credit union” or a derivation of them or to represent to be conducting business as a credit union.