Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.6-065.Out-of-state credit unions

(a) Is a credit union organized under laws similar to this subtitle;

(b) Is financially solvent;

(c) Has account insurance comparable to that required for credit unions incorporated under this subtitle;

(d) Is effectively examined and supervised by the supervisory authority of the state in which it is organized; and

(e) Needs to conduct business in this state to adequately serve its members in this state.

(a) Grant loans at rates not in excess of the rates permitted for credit unions incorporated under this subtitle;

(b) Comply with the same consumer protection provisions that credit unions incorporated under this subtitle must obey;

(c) Designate and maintain an agent for the service of process in this state; and

(d) Submit copies of reports to the commissioner when requested.