Iowa state-chartered credit unions are allowed to spin-off part of their operations in accordance with Iowa Code Section 533.401 and Iowa Administrative Rules Chapter 189--16. IDCU has provided guidelines to aid credit unions in completing the spin-off process. This page lists all necessary forms.
All forms use Adobe PDF software. A link to obtain a free PDF software download is located at the bottom of this page.
|Spin-Off Document Checklist||May 2015||Form|
|Form 1 - Transferring Credit Union Resolution of Board of Directors for Intent to Merge||May 2015||Form|
|Form 1a - Acquiring Credit Union Resolution of Board of Directors for Intent to Merge||May 2015||Form|
|Form 2 - Application for Approval of a Spin-Off||May 2015||Web form|
|Form 3 - Notice of Balloting - Vote of Eligible Members||May 2015||Form|
|Form 4 - Ballot for Spin-Off Proposal||May 2015||Form|
|Form 5 - Opt-Out Form||May 2015||Form|
|Form 6 - Certification of the Spin-Off Proposal Vote||May 2015||Form|