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§ 26-502-05 — District of Columbia Law | CourtGPT
  1. Home/
  2. Laws/
  3. District of Columbia/
  4. Title 26 - Banks and Other Financial Institutions/
  5. Chapter 5 - Credit Unionssub/
  6. Subchapter I - Credit Union Act of 2020/
  7. Part B - Credit Union Organization§ 26–502.01. District Credit Union Charter Application Procedures/
  8. § 26-502-05
District of Columbia Legal Code

§ 26-502-05

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05. Name of District credit union. (a) The name of a District credit union shall include the phrase 'credit union'. No District credit union may adopt a name identical to the name of any other federal or foreign credit union doing business in the District, or a name similar to the name of any federal or foreign credit union doing business in the District that will be misleading or cause confusion. (b) No person, other than a District credit union, a federal credit union, a foreign credit union, an association of credit unions, or an organization or corporation whose membership or ownership is limited to credit unions or credit union organizations may: (1) Use a name or title containing the phrase 'credit union' or any derivation thereof; (2) Represent itself as a credit union; or (3) Conduct business as a credit union. (May 6, 2020, D.C. Law 23-86, § 205, 67 DCR 3476.)