1. (1) A credit union shall include the words "credit union" in its name.

2. (2) No person may conduct business or engage in any other activity under a name or title containing the words "credit union", or represent itself as a credit union, unless it is:

   1. (a) A credit union, out-of-state credit union, or a foreign credit union;
   2. (b) An organization whose membership or ownership is limited to credit unions, out-of-state credit unions, federal credit unions, or their trade organizations;
   3. (c) A person that is primarily in the business of managing one or more credit unions, out-of-state credit unions, or federal credit unions; or
   4. (d) A credit union service organization.

[ 1997 c 397 s 4; 1994 c 256 s 70; 1984 c 31 s 4.]

Notes:

Findings—Construction—1994 c 256: See RCW 43.320.007.