Requirements

• Must be organized by 7 or more Minnesota residents
  

• Those original 7 residents must share a common bond
  

• Provide a 2-year feasibility study
  

• Must receive federal insurance on accounts
  

• $1,000 initial application fee
  

• See MS Chapter 52
  

Changes to the Authorization

Please contact 651-296-2297 for further assistance.

For a list of state chartered credit unions, go to the Financial Industry Licensees lists.