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Get Articles Of Incorporation - Credit Union Department
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How to fill out the ARTICLES OF INCORPORATION - Credit Union Department online
Filling out the Articles of Incorporation for a credit union is an essential step in the establishment process. This guide will provide you with clear and supportive instructions to help you complete the form online with confidence.
Follow the steps to successfully complete your Articles of Incorporation.
- Click 'Get Form' button to access the Articles of Incorporation form and open it in your preferred editor.
- In the first section, enter the name of the credit union. Ensure that the name you provide is unique and complies with Texas regulations.
- Fill in the domicile of the credit union, which includes the street address, city, and county in Texas where the credit union will be located.
- Indicate that the corporation is organized for the purpose of transacting business as a credit union per Texas law.
- State the capital structure of the corporation, specifying that the capital is unlimited and divided into shares, each with a par value of $5.00 or higher.
- Define the community of interest for membership, providing specific details as required in this section.
- Specify the number of directors on the initial Board of Directors and list their names and addresses. This information is vital for ensuring proper governance.
- List the names and addresses of the supervisory committee members, ensuring they are accurately recorded as they will function in this role until the next annual meeting.
- Acknowledge that the corporation will assume all assets and liabilities of the existing Federal Credit Union upon conversion.
- Confirm that the corporation shall exist perpetually, as indicated in the form.
- Lastly, ensure all signatories add their signatures and the date in the designated space. This formalizes the document.
- Review the completed form for accuracy. Once all information is verified, you may save changes, download, print, or share the form as needed.
Take the next step and complete your Articles of Incorporation online today.
Credit union accounts. A credit union provides loans, savings, bank accounts and other services to their members. They are designed to help the community rather than make money, often accepting people who've been turned down for accounts and loans elsewhere.
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