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Public Protection Cabinet

State-Chartered Credit Unions

State-chartered credit unions must submit documentation for out-of-state credit union branch applications, field of membership expansions, bylaw changes and mergers. State laws governing credit unions can be found in Kentucky Revised Statutes (KRS) 286.6. Administrative regulations can be found in 808 Kentucky Administrative Regulations (KAR) 3.   

A 2010 Kentucky Supreme Court ruling in favor of credit unions allows DFI to approve a geographic field of membership or community-based charter. In order to start a new credit union or change a field of membership at an existing credit union, management must submit a proposal to DFI for approval.

For More Information

Contact Hailey Nolan by email or at 502-424-8394 regarding the operation and supervision of state-regulated credit unions.
Contact Deborah Crocker by email or at 502-782-9049 for legal questions regarding the operation and regulation of state-regulated credit unions.
More information can also be found on the National Credit Union Administration website.


 Credit Union Documents

Bylaws_Certificate of Adoption_Article Amendment.pdfBylaws_Certificate of Adoption_Article Amendment71 KB
Bylaws_Certificate of Adoption_Bylaw Restatement.pdfBylaws_Certificate of Adoption_Bylaw Restatement71 KB
Bylaws_KDFI Standard Form.pdfBylaws_KDFI Standard Form261 KB
Investment of Funds_Commissioner's Memo_2014.pdfInvestment of Funds_Commissioner's Memo_201441 KB
Merger_Articles of Merger.pdfMerger_Articles of Merger56 KB
Merger_Board Resolution.pdfMerger_Board Resolution113 KB
Merger_Certificate of Completion.pdfMerger_Certificate of Completion53 KB
Merger_Certificate of Merger.pdfMerger_Certificate of Merger56 KB
Merger_Instructions.pdfMerger_Instructions73 KB
Merger_Merger Agreement.pdfMerger_Merger Agreement18 KB
Merger_Notice of Special Meeting.pdfMerger_Notice of Special Meeting104 KB
Merger_Plan of Merger.pdfMerger_Plan of Merger62 KB
Merger_Sample Ballot.pdfMerger_Sample Ballot37 KB
Dividend Request Form_2015-2016.xlsDividend Request Form_2015-201668 KB
Branch Application_Out of State Credit Unions.docBranch Application_Out of State Credit Unions66 KB