Indiana Code Title 28. Financial Institutions § 28-7-1-31.5

Sec. 31.5.  (a) Before transacting business in Indiana, a credit union shall insure its shares and other deposits with the National Credit Union Share Insurance Fund or a similar insurance company approved by the department.

(b) The department may examine any organization that insures the shares of a credit union that is subject to this chapter.  The reasonable costs of an examination conducted under this subsection may be charged to the organization that is examined.