"Financial institution" means any of the following:

1. (1) A bank, trust company, or mutual savings bank that:

   1. (A) was incorporated under the law of Indiana or any other state; and
   2. (B) has its principal office or a branch in Indiana.
2. (2) A national banking association with its principal office or a branch in Indiana.
3. (3) A savings association operating as a deposit association incorporated under Indiana law.
4. (4) A federally chartered savings association with its principal office or a branch in Indiana.
5. (5) A federally chartered savings bank with its principal office or a branch in Indiana.
6. (6) A state chartered credit union in Indiana that is federally insured or privately insured and that has assets of three million dollars ($3,000,000) or more.

As added by P.L.19-1987, SEC.6. Amended by P.L.28-1994, SEC.1; P.L.18-1996, SEC.2; P.L.79-1998, SEC.8.