Credit union organization definition

Credit union organization means any organization as determined by the director established primarily to serve the daily operational needs of its member credit unions. The term does not include trade associations, membership organizations principally composed of credit unions, or corporations or other businesses which principally provide services to credit union members as opposed to corporations or businesses whose business relates to the daily in−house operation of credit unions.
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Credit union organization means any credit union service organization meeting the requirements of part 712 of this chapter. This term does not in- clude trade associations or membership organizations principally composed of credit unions.
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Credit union organization means any organization as determined by the Board, established primarily to serve12 CFR Ch. VII (1–1–03 Edition)the daily operational needs of its mem- ber credit unions. The term does not include trade associations, membership organizations principally composed of credit unions, or corporations or other businesses which principally provide services to credit union members as op- posed to corporations or businesses whose business relates to the daily in- house operation of credit unions.
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Examples of Credit union organization in a sentence

  • Credit union organization shall be limited to groups of both large and small membership having a common bond of occupation or association, including religious, social, or educational groups, employees of a common employer, or members of a fraternal, religious, labor, farm, or educational organization and the members of the immediate families of such persons.

  • Credit union organization means any credit union service organization meeting the requirements of part 712 of this chapter.

  • Credit union organization shall be limited to groups, of both large and small membership, having a common bond of occupation or association or to groups within a well-defined neighborhood, community or rural district.

  • Credit union organization and membership, other than those of a central credit union, shall be limited to groups having a common bond of employment or association or groups which reside within a well-defined neighborhood, community, or rural district having a population of no more than twenty-five thousand or as otherwise authorized by the board.

  • F o r t h e co n ve n ie n ce of t h e u se r , t h e r e- vised t ex t i s se t fo r t h a s follows: § 701.22 Loan participation.( a) * * *(4) Credit union organization m e a n s a ny c r edi t un io n se r vice o r g a n iza t io n m ee t i n g t h e r eq u i r e m e n t s of p a r t 712 of t h i s c h a p t e r .

  • Credit union organization shall be available to groups of individuals who have a common bond of association such as, but not limited to, occupation, common employer, or residence within specified geographic boundaries.

  • Credit union organization shall be limited to groups, of both large and small membership, having a common bond of occupation or association or to groups within a well- defined neighborhood, community or rural district.

Related to Credit union organization

  • Indian organization means the governing body of any Indian tribe or entity established or recognized by the governing body of an Indian tribe for the purposes of 25 U.S.C., chapter 17.

  • Credit Union means the registered society.

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • Student organization means a group, club or organization having students as its primary members or participants. It includes grade levels, classes, teams, activities or particular school events. A student organization does not have to be an official school organization to come within the terms of this definition.

  • Labor organization means any organization of any kind, or any agency or employee representation committee or plan, in which employees participate and that exists for the purpose, in whole or in part, of dealing with employers concerning grievances, labor disputes, wages, rates of pay, hours of employment, or conditions of work.

  • Lead organization means a trade organization, labor organization or other incorporated entity representing a group of businesses that is the applicant for a business network project.

  • Arbitration organization means an association, agency, board, commission, or other entity that is neutral and initiates, sponsors, or administers an arbitration proceeding or is involved in the appointment of an arbitrator.

  • Tribal organization means the elected governing body of any Indian tribe or any legally established organization of Indians that is controlled by one or more such bodies or by a board of directors elected or selected by one or more such bodies (or elected by the Indian population to be served by such organization) and that includes the maximum participation of Indians in all phases of its activities; and