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Please submit completed forms or any questions to the following email address: RABNCUSUBMISSIONS@pa.govMARKET SQUARE PLAZA | 17 N SECOND STREET, SUITE 1300 | HARRISBURG, PA 17101 Ph 717.787.2665 Fx
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A credit union charter is a legal document issued by a state or federal government that establishes a credit union as a legitimate financial institution, granting it the authority to operate and provide financial services to its members.
Founders of a new credit union or organizations seeking to convert a mutual association into a credit union are typically required to file for a credit union charter.
To fill out a credit union charter application, gather necessary documentation, complete the required forms including information about the proposed membership, governance structure, and capital plans, and submit the application to the appropriate regulatory agency.
The purpose of a credit union charter is to formally recognize the credit union as a financial institution, allowing it to operate under a specific set of regulations and provide financial services to its members.
The charter application must report information such as the proposed field of membership, organizational structure, governance plan, business plan, financial projections, and any relevant biographical information about the organizers.
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