(a) Basic application. A local government, in conjunction with a credit union, may submit an application to the Commission for the designation of a proposed credit union development district, as provided by §91.2003 of this subchapter (relating to Submission and Processing of Application). The application shall contain the following items to the extent available:
  (1) the name of the local government, the county in which it is located and evidence of the approval of the application by its governing body;
  (2) identification of the participating credit union and the location of the proposed credit union or branch by street address;
  (3) a description of the geographic area comprising the proposed district, including a map indicating the borders of the proposed district;
  (4) the location, number and proximity of sites where credit union services are available in the proposed credit union development district, including branches of other financial institutions and deposit-taking ATMs other than those located at branches;
  (5) a compilation and description of consumer needs for credit union services in the proposed district, including population demographics included within the proposed district;
  (6) a compilation and description of the economic viability and local credit needs of the community in the proposed district, including economic indicators pertinent to the proposed district;
  (7) a compilation and description of the existing commercial development in the proposed district, including a description of the type and nature of commercial businesses located in the proposed district; and
  (8) a compilation and description of the impact additional credit union services would have on potential economic development in the proposed district, including significant business developments within the past three years, corporate restructurings, plant closings, other business closings, and recent or proposed business openings or expansions.
(b) Optional information. An application for designation of a credit union development district may also include:
  (1) a description of other local government and community initiatives proposed to be undertaken and coordinated with establishment of the proposed district;
  (2) indications of community support or opposition for the application, as evidenced by letters from entities such as local chambers of commerce, local businesses, community-based organizations, non-profit organizations, government officials, or community residents; and
  (3) such other information that the applicant believes will demonstrate that the proposed district meets the standards set forth in §91.2004 of this subchapter (relating to Criteria for Approval).

Source Note: The provisions of this §91.2002 adopted to be effective November 8, 2015, 40 TexReg 7666