Wisconsin Statutes Corporations (Ch. 180 to 188) § 186.45. Non-Wisconsin credit union, Wisconsin offices

(a) “Non-Wisconsin credit union” means a credit union organized under the laws of and with its principal office located in a state other than this state.

(b) “Wisconsin credit union” has the meaning given in s. 186.41(1)(bm).

(a) It is a credit union organized under laws similar to the credit union laws of this state.

(b) It is financially solvent based upon national board ratings.

(c) It has member savings insured with federal share insurance.

(d) It is effectively examined and supervised by the credit union authorities of the state in which it is organized.

(e) It has received approval to open an office and conduct business as a credit union in this state from the credit union authorities of the state in which it is organized.

(f) It has a need to place an office in this state to adequately serve its members in this state.

(g) It meets all other relevant standards or qualifications established by the office of credit unions.

(a) Grant loans at rates not in excess of the rates permitted for Wisconsin credit unions.

(b) Comply with this state's laws.

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