No. However, a credit union requesting a charter for a sparsely populated area must show how it will serve the area. The ability and intent to serve can be supported in a variety of ways beyond a branch office, including remote services, ATM network participation, mobile branches, shared branching, and how the nearest city housing a credit union service facility can serve and provide services to the sparsely populated areas of the rural community.
Rural District, physical building, physical office, branch, ATM, remote service, sparsely populated, population, shared branching, service facility, community
In rural areas, does the 'ability and intent' to serve dictate that there must be a physical building? One of our counties has a population of only 250 people.
Last updated on 02/12/19