§ 16701 Foreign Credit Union Examinations

• •The commissioner can examine foreign credit unions that have a branch in the state.
• •Examinations can happen at the commissioner’s office or at any office of the foreign credit union.
• •The commissioner can also examine the foreign credit union’s offices that are outside the state, as long as the credit union has a branch inside the state.

A credit union from another country opens a branch in the state. The commissioner can go to that branch or call the credit union’s main office in its home country and inspect its records at the commissioner’s office.

The commissioner can look at the foreign credit union’s books and operations to make sure they follow the rules, whether the inspection happens at the local branch or at the commissioner’s own office.