Subject of Possible Rule Making: Small occupational and associational groups, up to five hundred persons, amendment of WAC 208-472-041, parity with federal credit unions.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 31.12.516(2), 43.320.040, 31.12.382.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: To provide parity with federal credit unions.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.

Process for Developing New Rule: The division seeks input from, and consults with, stakeholders.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication. Interested parties should provide input on the rule to Parker Cann, Director of Credit Unions, P.O. Box 41200, Olympia, WA 98504-1200, phone (360) 902-8778, fax (360) 704-6978, e-mail pcann@dfi.wa.gov.

October 31, 2000

John L. Bley

Director

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