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Strategic exploration of the best charter for a financial institution can be an important part of any financial institution’s planning. Whether exploring a state or federal charter, different licensing, or a different capital structure, numerous issues will necessarily impact that decision. We also realize that the formation and management of subsidiaries (such as the acquisition or formation of operating subsidiaries or CUSOs) can also be an important strategic component to a financial institution’s mission.

SW&M can provide advice on charter choices for a financial institution, and the benefits and burdens of different options. This includes advice on the regulatory environment, legal restrictions, as well as the business practicalities of available product types and concentration limits available to different charters.

Of course, credit unions have specific chartering and field of membership (FOM) issues that must be addressed. SW&M has extensive experience advising credit unions with various federal and state FOM issues, including assisting with the preparation and filing of associational, occupational, and community FOM requests.