Title: Credit Union Certificate of Organization
Alternate Title:
Description: A credit union is a cooperative financial institution organized to promote savings among its members and provide a source for loans. The membership is formed around a common bond based on a sponsored company, association or community. Credit union member share accounts are required to be insured by the National Credit Union Administration (NCUA). Minnesota Department of Commerce
Subject: Banking
Financial Institutions
Loans and Lenders
Creation Date: 9/11/2008 2:12:09 PM
Modification Date: 8/14/2024 5:19:24 PM
Agency Name: Commerce, Minnesota Department of
Agency URL: https://mn.gov/commerce/
Agency Description:
The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.
Agency Phone: 651-539-1500
Agency Fax: Agency URL: https://mn.gov/commerce/
Agency Address:
85 7th Place East, Suite 500
St. Paul
MN
55101
Division Name: Financial Institutions Division
Division URL:
Division Description:
Division Phone: 651-539-1709
Division Fax: Division URL:
Audience: Hold
Application URL:
Renewal URL:
Versa URL:
Requirements:
Review:
Credit Unions
Applications
Amendments
Other Forms
Requirements
The Minnesota Department of Commerce supervises and examines state-chartered credit unions to determine the safety and soundness of operations plus fair and equal treatment of members. We support the state's economy through safeguarding Minnesota's credit unions. Commerce enforces laws, rules, and regulations under Minn. Stat. Chapter 52
Rules: 2675.6100 - .6290
Statutes: 52
Forms:
Contact the department or obtain the application forms at Credit Unions
Fees:
Application fee - $1,000
Period of Issuance:
Perpetual or until suspended, liquidated or merged.
Length of Determination: 60 days upon receipt of a completed application, which includes approval of deposit insurance by the NCUA.
Other Info:
Activity: Loans (Non-Bank Lenders)
License Detail URL:
Credit Unions
Financial Institutions
License Lookup Directory

