California · Financial Code

FIN §14050: The use by any person, other than those authorized by this division, of any name or title which contains the phrase “credit union,” is a misdemeanor.

Misdemeanor

What this law says, in plain English

Unauthorized use of the name or title containing 'credit union' is a misdemeanor. Certain nonprofit associations may use this phrase if formed for mutual benefit of credit unions or their employees.

Read the full statutory text

The use by any person, other than those authorized by this division, of any name or title which contains the phrase “credit union,” is a misdemeanor. Nonprofit associations, which are formed for the mutual benefit and protection of credit unions, by credit unions organized under this division, or under the provisions of the statutes of the United States applicable to credit unions or any nonprofit association formed for the mutual benefit and protection of credit union employees by bona fide employees of credit unions, may use the phrase “credit union” in the name or title designating any such association.

Verify at the official source: California legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.