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A liberty credit union

Started by porcupine kate, July 13, 2007, 10:45 AM NHFT

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picaro

#45
October 28, 2007, 08:39 PM NHFT Last Edit: October 28, 2007, 08:57 PM NHFT by picaro
The banking commission people were positive, but not fully aware of the laws they enforce.   Told us to hire a lawyer. >:(   

Other alternatives for assessing feasibility are available before hiring the (inevitable) lawyer.

There is rumored to be a credit union restricted to NH farmers which has limited/no federal entanglements.  We need to find its name, consult with its founders, and use its bylaws as a template.

ArcRiley is shouldering most of the work dealing with bureaucrats.    He would know specifics.

The project would be helped immensely by a lawyer willing to work for cheap/free.   :-\

shuvom

#46
November 11, 2007, 10:54 AM NHFT
A freedom oriented Porc "banking" instution has been a dream of mine for a while.

While I'm trying to organize Liberty Dollar Associates into a team right now (see my other posts), my wife has requested that I get a lawyer's opinion on the legal requirements for such an institution. 

So I'm going to be paying a lawyer (hopefully an FSP laywer like Evan Knappen) to look into this ANYWAY, probably as early as late-November. 

Besides the general "What does it take?", what specific questions would you like answered?  I like the idea of being a state CU vs. a Fed CU, but besides that, what did the state officials say you should get a lawyer FOR? 

Ask me now, or forever hold your peace (because I'm not paying a laywer TWICE!).

And about the start-up capital...we're going to buy a house in the Spring, and the idea is to live in it for two years, fix it up, and sell it for tax-free profit.  Do this 2-3 times (or 2-3 people doing it at once) and you have your start-up capitial for the Credit Union.  (That's how I paid off my new car right before my move to NH.)

Thank you to ArcRiley for spearheading this push- let me know what you want lawyered! 

Shuvom

J’raxis 270145

#47
February 08, 2008, 11:19 PM NHFT
What has become of this project? Is anything still happening with it, or is it dead? :(

Porcupine Realtor

#48
February 10, 2008, 07:09 PM NHFT
It would be nice to have a Porc get a job at a C.U. and learn the biz from inside, then start our own.  Maybe Lasse (?).

PowerPenguin

#49
February 13, 2008, 02:10 AM NHFT
I tried to do this back when we started this thread and they wouldn't hire me :'(


Maybe I'll try again in NH.
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