WAC 208-418-010
Definitions. Unless the context clearly
requires otherwise, as used in this chapter:
(1) "Credit union" includes a Washington credit union, an
out-of-state credit union and a foreign credit union.
(2) "Foreign credit union" means a credit union organized
and operating under the laws of another country or other foreign
jurisdiction, that is operating a branch in Washington in
accordance with RCW 31.12.471.
(3) "Hourly fee" means a fee of $57.42 per hour per examiner
or other staff person of the division.
(4) "Out-of-state credit union" means a credit union
organized and operating under the laws of another state or U.S.
territory or possession, that is operating a branch in Washington
in accordance with RCW 31.12.471.
(5)(a) "Total assets" of a Washington credit union includes
all assets of the credit union as reported on the credit union's
most recent form 5300 or similar financial report.
(b) "Total assets" of an out-of-state or foreign credit
union is derived from the following fraction:
Total assets x in-state branch shares and deposits
Total shares and deposits
"Total assets" and "shares and deposits" include respectively all
assets and shares and deposits as reported on the credit union's
most recent form 5300 or similar financial report.
(6) "Washington credit union" means a credit union organized
and operating under chapter 31.12 RCW.