# ORS § 723.032: 723.032 Places of business

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.032

## Section

- **Citation:** ORS § 723.032
- **Heading:** 723.032 Places of business
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 54 / Chapter 723 / Section 723.032

## Text

(1) A credit union may establish a place of business or change the credit union’s place of business within this state 30 days after notifying the Director of the Department of Consumer and Business Services in writing.

(2) A credit union may establish one or more mobile facilities to engage in credit union operations. Mobile facilities of a credit union that have the membership described in ORS 723.172 (Credit union membership) (3)(a) may operate in this state or in other states. Mobile facilities of a credit union that have the membership described in ORS 723.172 (Credit union membership) (3)(b) may operate only within the well-defined local community, neighborhood or rural district that the credit union serves.

(3) A credit union may establish additional places of business 30 days after notifying the director in writing. The director may limit or restrict a credit union’s ability to establish additional places of business upon written notice to the credit union if the director determines that an addition would adversely affect the credit union’s safety and soundness.

(4) A credit union may share office space with one or more credit unions and contract with a person or corporation to provide facilities or personnel. [1975 c.652 §8; 1977 c.135 §44; 1991 c.635 §3; 1997 c.832 §1; 1999 c.185 §55; 2005 c.95 §1; 2007 c.343 §2; 2009 c.234 §1; 2015 c.458 §1]

Source: Section 723.032 — Places of business; mobile facilities , https://www.­oregonlegislature.­gov/bills_laws/ors/ors723.­html (accessed May 26, 2025).

## Nearby sections

- [ORS § 723.001 723.001 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.001.md)
- [ORS § 723.002 723.002 Short title](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.002.md)
- [ORS § 723.006 723.006 “Credit union” defined](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.006.md)
- [ORS § 723.008 723.008 “Credit union” defined for ORS 723.136 and 723.464 to 723.498](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.008.md)
- [ORS § 723.012 723.012 Organization procedure](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.012.md)
- [ORS § 723.014 723.014 Denial of certificate of approval](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.014.md)
- [ORS § 723.016 723.016 Form of articles and bylaws](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.016.md)
- [ORS § 723.022 723.022 Amendment of articles and bylaws](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.022.md)
- [ORS § 723.026 723.026 Use of name exclusive](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.026.md)
- [ORS § 723.032 723.032 Places of business](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.032.md)
- [ORS § 723.042 723.042 Interstate credit unions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.042.md)
- [ORS § 723.102 723.102 Rulemaking authority](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.102.md)
- [ORS § 723.106 723.106 Reports](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.106.md)
- [ORS § 723.112 723.112 Examinations](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.112.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.032. Check the current official text before relying on it. Not legal advice.