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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Limits. A person may not use a name containing the phrase “credit union”, represent itself as a credit union or conduct business as a credit union unless the person is any of the following:
(a) A credit union.
(b) An association of credit unions.
(c) An organization, association or corporation whose membership or ownership is primarily confined or restricted to credit unions.
(2) Use required. A credit union shall use the phrase “credit union” in its corporate name.
(3) Name approval. The office of credit unions shall approve a credit union's name before the name is officially adopted. A credit union may not adopt the name of another credit union doing business in this state.
(4) Penalty. Whoever violates this section may be fined not more than $5,000.
Cite this article: FindLaw.com - Wisconsin Statutes Corporations (Ch. 180 to 188) § 186.03. Use of name exclusive - last updated January 01, 2025 | https://codes.findlaw.com/wi/corporations-ch-180-to-188/wi-st-186-03/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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