Maine Revised Statutes Title 9-B. Financial Institutions § 816. Out-of-state credit unions

A. Is a credit union organized under laws similar to this Part;

B. Has received prior approval from its state of organization to establish a branch office in this State;

C. Has adequate financial resources;

D. Has share insurance comparable to that required for credit unions incorporated under this Part;

E. Is effectively examined and supervised by the supervisory authority of the state in which it is organized; and

F. Has a field of membership in Maine that would meet the requirements of section 814 if the credit union were organized under this chapter and 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 Part;

B. Comply with the same consumer protection provisions that credit unions incorporated under this Part must obey;

C. Be subject to examination by regulatory authorities in this State; and

D. Designate and maintain an agent for the service of process in this State.