Federal credit union definition

Federal credit union means a credit union that is organized under the laws of the United States.
Federal credit union means a credit union organized and
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;

Examples of Federal credit union in a sentence

  • This part describes the requirements that must be followed to accomplish the voluntary liquidation of a Federal credit union.

  • Fi- ▇▇▇▇▇, the prohibited use of prior home ownership does not preclude a Federal credit union from considering an appli- cant’s payment history on a loan which was made to obtain a home.

  • The total in- debtedness owing to any Federal credit union by any person, inclusive of re- tained and reacquired interests, shall not exceed 10 percent of its unimpaired capital and surplus.

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

  • A Federal credit union may, to the extent permitted under Section 107(6) of the Act and this sec- tion, receive payments on shares, (reg- ular shares, share certificates, and share draft accounts) from public units and political subdivisions thereof (as those terms are defined in § 745.1) and nonmember credit unions, and to the extent permitted under the Act, this section and § 701.34, receive payments on shares (regular shares, share certifi- ▇▇▇▇▇, and share draft accounts) from other nonmembers.


More Definitions of Federal credit union

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 duly organized under the laws of the
Federal credit union means a credit union organized and operating under the laws of the United States.
Federal credit union means a credit union duly organized under federal law.
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 chartered under federal law.