Depository financial institution definition

Depository financial institution means a bank, savings and loan association, savings bank, or credit union organized under the laws of this state, another state, the District of Columbia, the United States, or a territory or protectorate of the United States, whose deposits are insured by an agency of the federal government.
Depository financial institution means a state or nationally chartered bank, a state or federally chartered savings and loan association, savings bank, or credit union, or an entity of the federally chartered farm credit system.
Depository financial institution means a state or nationally chartered bank, state or federal chartered savings and loan association, savings bank, or credit union, or any other institution whose deposits are insured by an agency of the federal government.

Examples of Depository financial institution in a sentence

  • Depository financial institution a new authorization agreement must provide that my authorized direct deposit credit.


More Definitions of Depository financial institution

Depository financial institution means a bank or a savings and loan association.
Depository financial institution means that term as