At this website, find information on how to start a credit union.

http://www.ccul.org/information/organizing.cfm

The Basic Steps

Prepare a business plan

Prepare a mission statement

Prepare a survey that includes analysis of market conditions and availability of services from other banks

Obtain agreement of 500 people to deposit to the credit union

Financial services needed and desired

Other items

• Staffing and credentials of staff
• Physical facility (this organization could operate largely online, as do some other banks and credit unions)
• Recordkeeping
• Budget
• Pro forma financial statement
• Goal for number of members
• Policies
• Plan for continuity
• Evidence of sponsor commitment