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Credit Unions
The Credit Union Division of DFI licenses and regulates state-chartered credit unions. The Credit Union Division is charged with the execution of the laws of this state relating to credit unions or the credit union business. As a result, the Credit Union Division conducts periodic examinations of all California state licensed credit unions. The Credit Union Division also reviews applications for certificates to act as a credit union, and issues those certificates when all qualifications for such have been met.
Statutory definition of credit union (FC 14002): Credit union is a cooperative, organized for the purposes of promoting thrift and savings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, a credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.
How To Reach Us
Department of Financial Institutions
111 Pine Street, Suite 1100
San Francisco, CA 94111-5613
Phone: (415) 263-8500
Fax: (415) 989-5310
- Credit Union Advisory Committee
- Credit Union Assessment Calculator
- Credit Union Forms / Credit Union 5300 Call Reports
- Credit Union Statistics
- CUNA Community Outreach -- “tell your story” -- campaign
- Directory of State Chartered Credit Unions
- Division 1.2 Management Certification (Word)
- Frequently Asked Questions (Adobe PDF)
- Schedule of Non Affiliates for Management Certificate Form (Excel)
- Exam Planning Documents
- Financial Code Reference
- MBL Guidance for Credit Unions (Adobe PDF)
- National Association of State Credit Union Supervisors