Federal credit union definition

Federal credit union means a credit union chartered under the Federal Credit Union Act.
Federal credit union means a credit union organized and
Federal credit union means a credit union that is organized under the laws of the United States.

Examples of Federal credit union in a sentence

  • The term “financial institution” means a State or National bank, a State or Federal savings and loan association, a mutual savings bank, a State or Federal credit union, or any other person that, directly or indirectly, holds a transaction account (as defined in section 19(b) of the Federal Reserve Act) belonging to a consumer.

  • At least monthly, a Federal credit union must determine the fair value of each security it holds.

  • A Federal credit union may trade securities, in- cluding engaging in when-issued trad- ing and pair-off transactions, so long as the Federal credit union can show that it has sufficient resources, knowledge, systems, and procedures to handle the risks.(2) A Federal credit union must record any security it purchases or sells for trading purposes at fair value on the trade date.

  • A Federal credit union may agree to service any eligible obli- gation it purchases or sells in whole or in part.

  • Increase in general 12-year limitation of term of Federal credit union loans to 15 years.


More Definitions of Federal credit union

Federal credit union means any institution chartered or organized as a federal credit union pursuant to the laws of the United States having its principal office in this state;
Federal credit union means a credit union duly organized under the laws of the
Federal credit union means credit union as defined in Section 101 of the Federal Credit Union Act, 12 U.S.C. 1752(1).
Federal credit union means a credit union organized and operating under the laws of the United States.
Federal credit union means a credit union orga- nized and operating under the laws of the United States.
Federal credit union means a credit union orga-
Federal credit union means a credit union which has its principal office in the District and is chartered or organized as a federal credit union under the laws of the United States.