Regulatory Alerts2024-07-29
Underserved Geographic Areas Policy Statement
The Idaho Department of Finance issued Policy Statement 2024-01-FIB to interpret amendments to the Idaho Credit Union Act that permit credit unions to serve persons residing or working in underserved geographic areas. The Director has officially designated Clark County and Lincoln County as these underserved areas. Credit unions must submit a Board-approved Amendment to Bylaws or Articles of Incorporation to the Department and obtain Director approval before serving these specific locations.
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