1301:9-2-19 Criteria for charter approval.

The incorporators shall submit to the superintendent along with the articles and the regulations of the proposed credit union:

Commitment of share insurance as required by section 1733.041 of the Revised Code;

Evidence of a common bond and the number of potential members in the field of membership, as well as their stability of employment or association in the common bond group and the economic characteristics thereof;

Evidence of availability of credit union services to potential members and geographic dispersion of members; and

Two years forecast of financial performance.

R.C. 119.032 review dates: 03/17/2006 and 11/15/2010

Promulgated Under: 119.03

Statutory Authority: 1733.41

Rule Amplifies: 1733.

Prior Effective Dates: 2/11/88