Federal credit union definition
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.