Oregon Code § 723.706·Enacted ·Last updated March 01, 2026
Statute Text
Membership.
Membership in a central credit union is limited to:
(1) Credit unions
organized and operating under this chapter or under any other credit union act.
(2) Officers,
directors, committee members and employees of such credit unions; officials and
employees of any association of credit unions; and employees of federal or
state governmental agencies responsible for the supervision of credit unions in
this state.
(3) Organizations
and associations of those persons or organizations enumerated in subsection (1)
or (2) of this section.
(4) Employees of
an employer with insufficient numbers to form or conduct the affairs of a
credit union that would provide substantially similar services and facilities.
(5) Persons in
the field of membership of liquidated credit unions or of credit unions that
have entered into or are about to enter into voluntary or involuntary
liquidation proceedings.
(6) Members of
the immediate families of all members qualified above. [1975 c.652 §74; 1985
c.762 §101; 1999 c.185 §53]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 723.706
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Membership. Read the full statute text above for details.
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