Spin-Off Forms

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.

You may complete and print any PDF form using your web browser. To retain changes made to any PDF form, you must first download the form and complete the form using the downloaded copy. 

 

Name Revision Date File
Spin-Off Document Checklist May 2015 adobe iconForm
Form 1 - Transferring Credit Union Resolution of Board of Directors for Intent to Merge May 2015 adobe acrobat icon Form
Form 1a - Acquiring Credit Union Resolution of Board of Directors for Intent to Merge May 2015 adobe icon 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 adobe acrobat icon Form
Form 4 - Ballot for Spin-Off Proposal May 2015 adobe acrobat icon Form
Form 5 - Opt-Out Form May 2015 adobe acrobat icon Form
Form 6 - Certification of the Spin-Off Proposal Vote May 2015 adobe acrobat icon Form

Form 7 - Spin-Off Certification of Completion

May 2015 adobe acrobat icon Form

 

Printed from the website on April 25, 2017 at 7:18am.