Domestic credit unions would generally display their own and alternate names

Domestic credit unions would have to clearly display their own name and their alternate business name. The requirement covers domestic credit unions and applies to public materials and financial documents, including signs, ads, and account statements. An exception applies when another applicable state or federal law or rule provides otherwise.

Domestic credit unions could adopt or change alternate business names. A covered credit union could use one or more alternate names. The state director could reject a name or end permission to use it because it is confusing, misleading, or for any other reason. Written notice would be due to the director at least 30 days before using an alternate name.