§ 14152 Credit Union Application Fee

• •A $5 fee is required when filing the credit union application.
• •The fee goes to the commissioner.
• •If the fee isn’t paid, the application can’t be processed.

A group of people wants to open a new credit union in their town and fills out the application paperwork.

Before the commissioner can look at their paperwork, the group has to include a $5 payment. If they don’t pay, the application won’t be accepted.