{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1326.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1326.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1326.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1326.html"}],"law_id":85105,"edition_id":1,"section_id":85105,"structure_id":14312,"section_number":"6.2-1326","catch_line":"Establishing, moving, and closing offices","history":"Code 1950, \u00a7 6-212; 1966, c. 584, \u00a7 6.1-203; 1990, c. 373, \u00a7 6.1-225.20; 1995, c. 326; 2006, c. 754; 2010, c. 794; 2015, cc. 19, 445.","full_text":"A\n\nAs used in this section, “service facility” means a physical facility at a location other than its main office that is wholly owned by the credit union establishing it. “Service facility” does not include any automated teller machine, cash-dispensing machine, or similar electronic or computer terminal, regardless of whether it (i) is located on credit union premises or premises properly considered part of an authorized office of the credit union or (ii) receives or records deposits or disburses loan proceeds.B\n\nA credit union may maintain service facilities at locations other than its main office if the maintenance of such offices is reasonably necessary to serve its members, subject to the approval of the Commission. An application to establish such a service facility, accompanied by a fee of $200, shall be made on a form prescribed by the Commission. The Commission shall approve the establishment of the proposed service facility if it appears that the interest of the members of the applicant will be served thereby and that such establishment will not impair the financial condition of the applicant or any other credit union.C\n\nA credit union may (i) contract with one or more other credit unions subject to this chapter or organized under the laws of the United States or any other state to provide for the operation of one or more shared service facilities or (ii) provide for its members to have the use of one or more shared service facilities by contracting with a credit union service organization approved by the Commissioner for such purpose. A participating credit union may also invest in the credit union service organization. A credit union shall give prior written notice to the Commissioner of its participation in each shared service facility or credit union service organization. Notice to the Commissioner of a credit union’s participation in a credit union service organization shall satisfy the requirement of subsection E that the Commissioner be notified of the establishment of an office, if the credit union service organization has notified the Commissioner of the establishment of the shared service facility.D\n\nThe authority of the Commission and the Commissioner to supervise and regulate credit unions, as set forth in Article 2 (§ 6.2-1308 et seq.) of this chapter, shall extend to any shared service facility and any credit union service organization that is involved in the operation of a shared service facility that provides service to credit unions organized under this chapter, except that such authority shall not extend to the assets, records, books, and accounts of any federal credit union or credit union organized under the laws of another state.E\n\nA credit union may change the location of its main office, a service facility, or office, and may close any such office, provided it gives at least 30 days’ prior written notice thereof to the Commissioner in such form as he may prescribe. A credit union shall notify the Commissioner in writing within 10 days after it establishes, relocates, or closes any office. A credit union shall notify the Commissioner of its withdrawal from participation in any shared service facility within 10 days of such withdrawal.","order_by":null,"text":{"0":{"id":304999,"text":"As used in this section, “service facility” means a physical facility at a location other than its main office that is wholly owned by the credit union establishing it. “Service facility” does not include any automated teller machine, cash-dispensing machine, or similar electronic or computer terminal, regardless of whether it (i) is located on credit union premises or premises properly considered part of an authorized office of the credit union or (ii) receives or records deposits or disburses loan proceeds.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":305000,"text":"A credit union may maintain service facilities at locations other than its main office if the maintenance of such offices is reasonably necessary to serve its members, subject to the approval of the Commission. An application to establish such a service facility, accompanied by a fee of $200, shall be made on a form prescribed by the Commission. The Commission shall approve the establishment of the proposed service facility if it appears that the interest of the members of the applicant will be served thereby and that such establishment will not impair the financial condition of the applicant or any other credit union.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":305001,"text":"A credit union may (i) contract with one or more other credit unions subject to this chapter or organized under the laws of the United States or any other state to provide for the operation of one or more shared service facilities or (ii) provide for its members to have the use of one or more shared service facilities by contracting with a credit union service organization approved by the Commissioner for such purpose. A participating credit union may also invest in the credit union service organization. A credit union shall give prior written notice to the Commissioner of its participation in each shared service facility or credit union service organization. Notice to the Commissioner of a credit union’s participation in a credit union service organization shall satisfy the requirement of subsection E that the Commissioner be notified of the establishment of an office, if the credit union service organization has notified the Commissioner of the establishment of the shared service facility.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":305002,"text":"The authority of the Commission and the Commissioner to supervise and regulate credit unions, as set forth in Article 2 (§ 6.2-1308 et seq.) of this chapter, shall extend to any shared service facility and any credit union service organization that is involved in the operation of a shared service facility that provides service to credit unions organized under this chapter, except that such authority shall not extend to the assets, records, books, and accounts of any federal credit union or credit union organized under the laws of another state.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":305003,"text":"A credit union may change the location of its main office, a service facility, or office, and may close any such office, provided it gives at least 30 days’ prior written notice thereof to the Commissioner in such form as he may prescribe. A credit union shall notify the Commissioner in writing within 10 days after it establishes, relocates, or closes any office. A credit union shall notify the Commissioner of its withdrawal from participation in any shared service facility within 10 days of such withdrawal.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":14312,"edition_id":1,"name":"Formation of Credit Union","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13635,"metadata":{},"date_created":"2026-06-26 03:47:42","date_modified":"2026-06-26 03:47:42","permalink":{"id":264655,"object_type":"structure","relational_id":14312,"identifier":"3","token":"6.2\/II\/13\/3","url":"\/6.2\/II\/13\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13635,"edition_id":1,"name":"Credit Unions","identifier":"13","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:26","date_modified":"2026-06-26 03:45:26","permalink":{"id":264545,"object_type":"structure","relational_id":13635,"identifier":"13","token":"6.2\/II\/13","url":"\/6.2\/II\/13\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":56398,"structure_id":14312,"section_number":"6.2-1320","catch_line":"Incorporation","url":"\/6.2-1320\/","token":"6.2\/II\/13\/3\/6.2-1320","metadata":false},{"id":72073,"structure_id":14312,"section_number":"6.2-1321","catch_line":"Certificate of authority","url":"\/6.2-1321\/","token":"6.2\/II\/13\/3\/6.2-1321","metadata":false},{"id":59522,"structure_id":14312,"section_number":"6.2-1322","catch_line":"Contents of bylaws; amendments to bylaws generally","url":"\/6.2-1322\/","token":"6.2\/II\/13\/3\/6.2-1322","metadata":false},{"id":55599,"structure_id":14312,"section_number":"6.2-1323","catch_line":"Amendments to articles of incorporation and bylaws","url":"\/6.2-1323\/","token":"6.2\/II\/13\/3\/6.2-1323","metadata":false},{"id":85476,"structure_id":14312,"section_number":"6.2-1324","catch_line":"Bylaws amended by Commission","url":"\/6.2-1324\/","token":"6.2\/II\/13\/3\/6.2-1324","metadata":false},{"id":70683,"structure_id":14312,"section_number":"6.2-1325","catch_line":"Fiscal year","url":"\/6.2-1325\/","token":"6.2\/II\/13\/3\/6.2-1325","metadata":false},{"id":85105,"structure_id":14312,"section_number":"6.2-1326","catch_line":"Establishing, moving, and closing offices","url":"\/6.2-1326\/","token":"6.2\/II\/13\/3\/6.2-1326","metadata":false}],"previous_section":{"id":70683,"structure_id":14312,"section_number":"6.2-1325","catch_line":"Fiscal year","url":"\/6.2-1325\/","token":"6.2\/II\/13\/3\/6.2-1325","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1326\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 6 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 584; in 1990, chapter 373; in 1995, chapter 326<\/a>; in 2006, chapter 754<\/a>; in 2010, chapter 794<\/a>; in 2015, chapters 19<\/a> and 445<\/a>.<\/p>","references":false,"refers_to":[{"id":69039,"section_number":"6.2-1308","catch_line":"Supervision and regulation by Commission","order_by":null,"url":"\/6.2-1308\/"}],"permalink":{"id":264681,"object_type":"law","relational_id":85105,"identifier":"6.2-1326","token":"6.2\/II\/13\/3\/6.2-1326","url":"\/6.2-1326\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1326\/","token":"6.2\/II\/13\/3\/6.2-1326","dublin_core":{"Title":"Establishing, moving, and closing offices","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1326","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> As used in this section, “service facility<\/span>” means a physical facility at a location other than its main office that is wholly owned by the credit union<\/span> establishing it. “Service facility<\/span>” does not include any automated teller machine, cash-dispensing machine, or similar electronic or computer terminal, regardless of whether it (i) is located on credit union<\/span> premises or premises properly considered part of an authorized office of the credit union<\/span> or (ii) receives or records deposits or disburses loan proceeds. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A credit union<\/span> may maintain service facilities at locations other than its main office if the maintenance of such offices is reasonably necessary to serve its members<\/span>, subject to the approval of the Commission<\/span>. An application to establish such a service facility<\/span>, accompanied by a fee of $200, shall be made on a form prescribed by the Commission<\/span>. The Commission<\/span> shall approve the establishment of the proposed service facility<\/span> if it appears that the interest of the members<\/span> of the applicant will be served thereby and that such establishment will not impair the financial condition of the applicant or any other credit union<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A credit union may (i) contract<\/span> with one or more other credit unions<\/span> subject to this chapter or organized under the laws<\/span> of the United States or any other state to provide for the operation of one or more shared service facilities or (ii) provide for its members<\/span> to have the use of one or more shared service facilities by contracting with a credit union service organization<\/span> approved by the Commissioner<\/span> for such purpose. A participating credit union may also invest in the credit union service organization<\/span>. A credit union shall give prior written notice to the Commissioner<\/span> of its participation in each shared service facility<\/span> or credit union service organization<\/span>. Notice to the Commissioner<\/span> of a credit union’s participation in a credit union service organization<\/span> shall satisfy the requirement of subsection E that the Commissioner<\/span> be notified of the establishment of an office, if the credit union service organization<\/span> has notified the Commissioner<\/span> of the establishment of the shared service facility<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The authority of the Commission<\/span> and the Commissioner<\/span> to supervise and regulate credit unions<\/span>, as set forth in Article 2 (§ 6.2-1308<\/a> et seq.) of this chapter, shall extend to any shared service facility<\/span> and any credit union service organization<\/span> that is involved in the operation of a shared service facility<\/span> that provides service to credit unions<\/span> organized under this chapter, except that such authority shall not extend to the assets<\/span>, records, books, and accounts of any federal credit union or credit union organized under the laws<\/span> of another state. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> A credit union may change the location of its main office, a service facility<\/span>, or office, and may close any such office, provided it gives at least 30 days’ prior written notice thereof to the Commissioner<\/span> in such form as he may prescribe. A credit union shall notify the Commissioner<\/span> in writing within 10 days after it establishes, relocates, or closes any office. A credit union shall notify the Commissioner<\/span> of its withdrawal from participation in any shared service facility<\/span> within 10 days of such withdrawal. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nESTABLISHING, MOVING, AND CLOSING OFFICES (\u00a7 6.2-1326)\n\nA. As used in this section, “service facility” means a physical\nfacility at a location other than its main office that is wholly owned by the\ncredit union establishing it. “Service facility” does not include\nany automated teller machine, cash-dispensing machine, or similar electronic or\ncomputer terminal, regardless of whether it (i) is located on credit union\npremises or premises properly considered part of an authorized office of the\ncredit union or (ii) receives or records deposits or disburses loan proceeds.\n\nB. A credit union may maintain service facilities at locations other than its\nmain office if the maintenance of such offices is reasonably necessary to serve\nits members, subject to the approval of the Commission. An application to\nestablish such a service facility, accompanied by a fee of $200, shall be made\non a form prescribed by the Commission. The Commission shall approve the\nestablishment of the proposed service facility if it appears that the interest\nof the members of the applicant will be served thereby and that such\nestablishment will not impair the financial condition of the applicant or any\nother credit union.\n\nC. A credit union may (i) contract with one or more other credit unions subject\nto this chapter or organized under the laws of the United States or any other\nstate to provide for the operation of one or more shared service facilities or\n(ii) provide for its members to have the use of one or more shared service\nfacilities by contracting with a credit union service organization approved by\nthe Commissioner for such purpose. A participating credit union may also invest\nin the credit union service organization. A credit union shall give prior\nwritten notice to the Commissioner of its participation in each shared service\nfacility or credit union service organization. Notice to the Commissioner of a\ncredit union’s participation in a credit union service organization shall\nsatisfy the requirement of subsection E that the Commissioner be notified of the\nestablishment of an office, if the credit union service organization has\nnotified the Commissioner of the establishment of the shared service facility.\n\nD. The authority of the Commission and the Commissioner to supervise and\nregulate credit unions, as set forth in Article 2 (§ 6.2-1308 et seq.) of\nthis chapter, shall extend to any shared service facility and any credit union\nservice organization that is involved in the operation of a shared service\nfacility that provides service to credit unions organized under this chapter,\nexcept that such authority shall not extend to the assets, records, books, and\naccounts of any federal credit union or credit union organized under the laws of\nanother state.\n\nE. A credit union may change the location of its main office, a service\nfacility, or office, and may close any such office, provided it gives at least\n30 days’ prior written notice thereof to the Commissioner in such form as\nhe may prescribe. A credit union shall notify the Commissioner in writing within\n10 days after it establishes, relocates, or closes any office. A credit union\nshall notify the Commissioner of its withdrawal from participation in any shared\nservice facility within 10 days of such withdrawal.\n\nHISTORY: Code 1950, \u00a7 6-212; 1966, c. 584, \u00a7 6.1-203; 1990, c. 373, \u00a7\n6.1-225.20; 1995, c. 326; 2006, c. 754; 2010, c. 794; 2015, cc. 19, 445.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}