The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 8 V.S.A. § 33102)
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§ 33102. In-State and out-of-State offices
(a) A Vermont credit union shall not establish an office in this State or outside this
State without the prior approval of the Commissioner in accordance with subsection 30801(b) of this title.
(b) Prior to approving the credit union’s application to establish an office in this State
or outside this State, the Commissioner must find that:
(1) establishment of the proposed office is consistent with the safety and soundness of
the credit union;
(2) establishment of the proposed office is consistent with the credit union’s field of
membership;
(3) the credit union has a record of compliance with the requirements of applicable State
and federal law; and
(4) in the case of an out-of-State office, the laws of such other state authorize the
establishment of such office. (Added 2005, No. 16, § 1, eff. July 1, 2005; amended 2021, No. 105 (Adj. Sess.), § 339, eff. July 1, 2022.)