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.