| 35. Satellite facility. "Satellite facility" means any |
facility, automated device or electronic terminal established by |
a financial institution authorized to do business in this State |
or a credit union authorized to do business in this State at |
which an existing financial institution or credit union customer |
may initiate banking transactions, including, but not limited to, |
cash deposits to and withdrawals from that customer's account, |
cash advances on a preauthorized credit line, transfers between |
deposit or share accounts or payment transfers from the |
customer's account to accounts of other financial institution or |
credit union customers. Such a facility is not permanently |
staffed and is not part of a main office or branch office of a |
financial institution or credit union. Such a facility may be |
part of an electronic funds transfer system. Satellite |
facilities include facilities engaged in soliciting, receiving or |
accepting money or its equivalent on deposit from new and |
existing customers. The term "satellite facility" "Satellite |
facility" does not include a cash dispensing machine that, |
operating in conjunction with a processor and network, allows a |
customer to debit an account in exchange for dispensing cash and |
that may allow a customer to effectuate transfers between the |
customer's accounts in the same financial institution or credit |
union, a point-of-sale terminal, a night depository or an office |
or facility engaged solely in the solicitation and origination of |
loans. |