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(1) As used in this section:
(a) "Association that resides in a domicile-county" means an association that:
(i) operates a place of business or other physical location in the domicile-county; or
(ii) has at least 100 members that are residents of the domicile-county.
(b) "Domicile-county" means the county:
(i) in the field of membership of the credit union as of January 1, 1999; and
(ii) in which the credit union has located the greatest number of branches as of January 1, 1999.
(c) "Grandfathered field of membership" means the field of membership as of May 3, 1999, of a credit union described in Subsection (2)(c).
(2) For each credit union formed before January 1, 1999, its field of membership as of May 3, 1999, is determined as follows:
(a) if the field of membership stated in the bylaws of the credit union as of January 1, 1999, complies with Section 7-9-51, the credit union's field of membership is the field of membership indicated in its bylaws;
(b)
(i) the field of membership of a credit union as of May 3, 1999, is as provided in Subsection (2)(b)(ii) if:
(A) the field of membership stated in the bylaws of the credit union as of January 1, 1999, includes the residents of more than one county; and
(B) as of January 1, 1999, the credit union's main office and any of its branches are located in only one county in its field of membership;
(ii) as of May 3, 1999, the field of membership of a credit union described in Subsection (2)(b)(i) is:
(A) the immediate family of a member of the credit union;
(B) the employees of the credit union;
(C) residents of the one county in which the credit union has its main office or branches as of January 1, 1999; and
(D) any association that as of January 1, 1999, is in the field of membership of the credit union; and
(c)
(i) the field of membership of a credit union as of May 3, 1999, is as provided in Subsection (2)(c)(ii) if:
(A) the field of membership stated in the bylaws of the credit union as of January 1, 1999, includes the residents of more than one county; and
(B) as of January 1, 1999, the credit union has a main office or branch in more than one county;
(ii) as of May 3, 1999, the field of membership of a credit union described in Subsection (2)(c)(i) is:
(A) the immediate family of a member of the credit union;
(B) the employees of the credit union;
(C) residents of the credit union's domicile-county;
(D) the residents of any county other than the domicile-county:
(I) if, as of January 1, 1999, the county is in the field of membership of the credit union; and
(II) in which, as of January 1, 1994, the credit union had located its main office or a branch; and
(E) any association that as of January 1, 1999, is in the field of membership of the credit union.
(3) If a credit union's field of membership is as described in Subsection (2)(c), beginning May 3, 1999, the credit union:
(a) within the credit union's domicile-county, may establish, relocate, or otherwise change the physical location of the credit union's:
(i) main office; or
(ii) branch;
(b) within a county other than a domicile-county that is in the credit union's grandfathered field of membership, may not:
(i) establish a main office or branch that:
(A) was not located in the county as of January 1, 1999; or
(B) for which the credit union has not received by January 1, 1999, approval or conditional approval of a site plan for the main office or branch from the planning commission of the municipality where the main office or branch will be located;
(ii) participate in a service center in which it does not participate as of January 1, 1999;
(iii) relocate the credit union's main office or a branch located in the county as of January 1, 1999, unless the commissioner finds that the main office or branch is relocated within a three-mile radius of where it was originally located; or
(iv) after a voluntary merger under Section 7-9-39, operate a branch in the county if:
(A) the effective date of the merger is on or after May 5, 2003;
(B) the credit union with the field of membership described in Subsection (2)(c) is the surviving credit union after the merger; and
(C) the credit union did not own and operate the branch before the effective date of the merger; and
(c) may only admit as a member:
(i) a person in the credit union's grandfathered field of membership; or
(ii) a person belonging to an association that:
(A) is added to the field of membership of the credit union; and
(B) resides in the domicile-county of the credit union.
(4) If a credit union's field of membership is as described in Subsection (2)(b), as of May 3, 1999, the credit union may operate as a credit union having a field of membership under Section 7-9-51.
(5)
(a) Notwithstanding Subsections (1) through (4), after May 3, 1999, a credit union described in Subsection (2)(c) may:
(i) operate an office or branch that is operated by the credit union on May 3, 1999, but that is not located in a county that is in the credit union's field of membership as of May 3, 1999; and
(ii) serve a member who is not in a credit union's field of membership as of May 3, 1999, if the member is a member of the credit union as of March 15, 1999.
(b) Subsection (5)(a) does not authorize a credit union to:
(i) establish a branch in a county that is not in the credit union's field of membership as of May 3, 1999, unless the branch meets the requirements under this title for establishing a branch; or
(ii) for a credit union described in Subsection (2)(c), include in its field of membership an association that:
(A) as of January 1, 1999, is not included in the credit union's field of membership; and
(B) does not reside within the credit union's domicile-county.
(6) A credit union shall amend its bylaws in accordance with Section 7-9-11 by no later than August 3, 1999, to comply with this section.
(7) In addition to any requirement under this section, a credit union shall comply with any requirement under this title for the establishment, relocation, or change in the physical location of a main office or branch of a credit union.