# 38 Ill. Adm. Code 1850.185.290: Section 185.290 Effect of ILCRA Performance on Applications

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P1850_S185_290

## Section

- **Citation:** 38 Ill. Adm. Code 1850.185.290
- **Heading:** Section 185.290 Effect of ILCRA Performance on Applications
- **Jurisdiction:** Illinois
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Administrative Code / Title 38  /  / Part 1850  / Section 185.290 Effect of ILCRA Performance on Applications

## Text

TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 185 CREDIT UNION COMMUNITY REINVESTMENT
SECTION 185.290 EFFECT OF ILCRA PERFORMANCE ON APPLICATIONS
Section 185.290  Effect of ILCRA Performance on
Applications
a)         ILCRA
Performance.  Among other factors, the Secretary takes into account the record
of performance under the ILCRA of each applicant credit union in considering an
application for approval of:
1)         The
relocation of the credit union's main office or a branch, but only when express
prior approval is otherwise required under applicable State law of
administrative rule; and
2)         The
merger, consolidation, acquisition of assets, or assumption of liabilities.
b)         New
financial institutions.  A newly chartered credit union shall submit with its
application for a permit to organize a description of how it will meet its
ILCRA objectives. The Secretary takes the description into account in considering
the application and may deny or condition approval on that basis.
c)         Interested parties.  The Secretary takes into
account any views submitted by interested parties in accordance with the public
notice posted pursuant to Section 35-20 of ILCRA.
d)         Denial
or conditional approval of application.  A credit union's record of ILCRA
performance may be the basis for denying or conditioning approval of an application
listed in subsection (a).

## Nearby sections

- [38 Ill. Adm. Code 1850.185.210 Section 185.210  Performance Tests, Standards, and Ratings, In General](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P1850_S185_210.md)
- [38 Ill. Adm. Code 1850.185.240 Section 185.240  Service Test](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P1850_S185_240.md)
- [38 Ill. Adm. Code 1850.185.260 Section 185.260  Small Credit Union and Intermediate Small Credit Union Performance Standards](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P1850_S185_260.md)
- [38 Ill. Adm. Code 1850.185.280 Section 185.280  Assigned Ratings](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P1850_S185_280.md)
- [38 Ill. Adm. Code 1850.185.290 Section 185.290  Effect of ILCRA Performance on Applications](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P1850_S185_290.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P1850_S185_290. Check the current official text before relying on it. Not legal advice.