Qualification for Membership
Any bank, trust company or thrift institution which is engaged in the business of accepting deposits and making loans (the "banking business") in the State of Georgia under the supervision of the Comptroller of the Currency of the United States, the Commissioner of the Department of Banking and Finance of the State of Georgia, or the comparable state banking regulator charged with supervising such financial institutions in the state in which such institution is headquartered, and (b) any institution which is a (i) bank holding company as defined in 12 C.F.R. § 225.2(c), as amended from time to time, pursuant to the Bank Holding Company Act of 1956, or (ii) a savings and loan holding company as defined in 12 C.F.R. §238.2, as amended from time to time, which, in either case, owns a bank, trust company or thrift institution engaged in the banking business in Georgia may become a Member of the Corporation by making written application to the Corporation.
Qualification for Associate Membership
Banks, bank holding companies, thrift institutions and thrift holding companies not engaged in the banking business in the State of Georgia, non‑bank subsidiaries of bank holding companies and allied businesses may, upon written application in a form required by the Board of Directors, be elected by the Board to Associate Membership in the Corporation. Associate
Members shall enjoy those privileges expressly permitted to them by the Board and shall pay such dues and comply with such rules as the Board may prescribe.