Federal law — U.S. Code and appendices · legal_authorities
This chapter may be cited as the “Federal Credit Union Act”.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1752
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Source file: Laws/federal/codes/united-states-code/title-12/section-1752-short-title--2b77a65f78.md
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Retained source evidence SHA-256: 9329315ec988d538b8870804f33f8f7dd7cb201b273a83eeea5174798115bb55
Source location: Title 12, Chapter 14, § 1752; chapter-014-federal-credit-unions.md
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Federal law — U.S. Code and appendices · legal_authorities
§ 1752. Definitions As used in this chapter— (1) the term ‘‘Federal credit union’’ means a cooperative association organized in accord- ance with the provisions of this chapter for the purpose of promoting thrift among its members and creating a source of credit for provident or productive purposes; (2) the term ‘‘Chairman’’ means the Chair- man of the National Credit Union Administra- tion Board; (3) the term ‘‘Administration’’ means the National Credit Union Administration; (4) the term ‘‘Board’’ means the National Credit Union Administration Board; (5) The terms ‘‘member account’’ and ‘‘ac- count’’ mean a share, share certificate, or share draft account of a member of a credit union of a type approved by the Board which evidences money or its equivalent received or held by a credit union in the usual course of business and for which it has given or is obli- gated to give credit to the account of the member, and, in the case of a credit union serving predominantly low-income members (as defined by the Board), such terms (when referring to the account of a nonmember served by such credit union) mean a share, share certificate, or share draft account of such nonmember which is of a type approved by the Board and evidences money or its equivalent received or held by such credit union in the usual course of business and for which it has given or is obligated to give cred- it to the account of such nonmember, and such terms mean share, share certificate, or share draft account of nonmember credit unions and nonmember units of Federal, State, or local governments and political subdivisions thereof enumerated in section 1787 of this title, and such terms mean custodial accounts estab- lished for loans sold in whole or in part pursu- ant to s
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1752
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