Manner of organizing — Articles of incorporation — Submission to director.
RCW 31.12.055
in effect(1) Persons applying for the organization of a credit union shall execute articles of incorporation stating: (a) The initial name and location of the credit union; (b) That the duration of the credit union is perpetual; (c) That the purpose of the credit union is to engage in the business of a credit union and any other lawful activities permitted to a credit union by applicable law; (d) The number of its directors, which must not be less than five or greater than fifteen, and the names of the persons who are to serve as the initial directors; (e) The names of the incorporators; (f) The extent, if any, to which personal liability of directors is limited; (g) The extent, if any, to which directors, supervisory committee members, officers, employees, and others will be indemnified by the credit union; and (h) Any other provision which is not inconsistent with this chapter. (2) Applicants shall submit the articles of incorporation in triplicate to the director.
(1) Persons applying for the organization of a credit union shall execute articles of incorporation stating:
(a) The initial name and location of the credit union;
(b) That the duration of the credit union is perpetual;
(c) That the purpose of the credit union is to engage in the business of a credit union and any other lawful activities permitted to a credit union by applicable law;
(d) The number of its directors, which must not be less than five or greater than fifteen, and the names of the persons who are to serve as the initial directors;
(e) The names of the incorporators;
(f) The extent, if any, to which personal liability of directors is limited;
(g) The extent, if any, to which directors, supervisory committee members, officers, employees, and others will be indemnified by the credit union; and
(h) Any other provision which is not inconsistent with this chapter.
(2) Applicants shall submit the articles of incorporation in triplicate to the director.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=31.12&full=trueFetched: 6/29/2026