Establishment of branch office.

Miss. Code Ann. § 81-13-60
in effect
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Any state credit union may apply to the Commissioner of Banking and Consumer Finance for permission to establish a branch office. The application shall be in such a form as may be prescribed by the commissioner and shall be approved or denied by the commissioner within one hundred twenty (120) days of filing. The commissioner shall approve a branch application when all of the following criteria are met: The applicant has an examination rating of two (2) or higher; The applicant has capital ratios equal or exceeding the amount required by the insurer of deposit accounts; The applicant has no formal or informal enforcement actions outstanding; and The applicant has demonstrated that its members would be well served by the branch. If the commissioner denies the branch application, the branch applicant will have the right of a hearing as prescribed in Section 81-13-1 for those applicants denied a new credit union.
Source: Public.Resource.Org MS CodeURL: https://unicourt.github.io/cic-code-ms/transforms/ms/ocms/r78/gov.ms.code.title.81.htmlFetched: 6/10/2026

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Miss. Code Ann. § 81-13-60 — Establishment of branch office | Mississippi Code Annotated | Corpus