Corporate central credit union definition

Corporate central credit union means a credit union operated for the primary purpose of serving corporate accounts. A credit union is deemed to be a corporate central credit union when its total dollar amount of outstanding corporate loans plus corporate share and deposit holdings is equal to or greater than seventy-five percent of its outstanding loans plus share and deposit holdings.
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Corporate central credit union means a cooperative organization whose members consist primarily of other credit unions and whose purposes are:
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Corporate central credit union means a credit union operated for the primary purpose
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Examples of Corporate central credit union in a sentence

  • Notwithstanding this recognition given to an educational credit union, an educational credit union is not a state credit union within the scope or regulation of this chapter.2007 Acts, ch 174, §29 533.213 Corporate central credit union.

  • Notwithstanding this recognition given to an educational credit union, an educational credit union is not a state credit union within the scope or regulation of this chapter.2007 Acts, ch 174, §29For future text of subsection 4, effective April 30, 2019, see 2018 Acts, ch 1172, §82, 86 533.213 Corporate central credit union.


More Definitions of Corporate central credit union

Corporate central credit union means a credit union whose field of membership consists primarily of other credit unions including credit unions chartered by this state, by another state or territory of the United States, or by the United States.
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Related to Corporate central credit union

  • Credit Union means the registered society.

  • Federal credit union means a credit union chartered under the Federal Credit Union Act.

  • Senior citizen center means a facility having the primary purpose of providing services to the aged as defined in Section 62A-3-101.

  • Canal means a man-made trench, the bottom of which is normally covered by water, with the upper edges of its two sides normally above water. [Section 403.803(2), F.S.]

  • Youth center means any public or private facility that is primarily used to host recreational or social activities for minors, including, but not limited to, private youth membership organizations or clubs, social service teenage club facilities, video arcades, or similar amusement park facilities.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Virginia Stormwater Management Act means Article 2.3 (§ 62.1-44.15:24 et seq.) of Chapter 3.1 of Title 62.1 of the Code of Virginia.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • Clean energy means energy produced from Renewable Energy Resources (as defined below), eligible energy sources, and by means of advanced technologies that cost- effectively capture and sequester carbon emissions produced as a by-product of power generation. For purposes of this definition, “cost” means all those costs as determined by the Public Utilities Commission of the State of Colorado (“PUC”).

  • Crosswalk means that part of a roadway at an intersection included within the connections of the

  • Public street means a public right-of-way, including a public highway, public avenue, public boulevard, public parkway, public road, public lane, public alley, public viaduct, public subway, public tunnel, public bridge, public byway, other public transportation easement, or other public way.