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 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 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.