Federal credit union definition

Federal credit union means a credit union chartered under the Federal Credit Union Act.
Federal credit union means a credit union that is organized under the laws of the United States.
Federal credit union means a credit union organized and

Examples of Federal credit union in a sentence

  • A Federal credit union may not invest in SMBS or securities that represent interests in SMBS except as described in paragraphs (1) and (3) below.

  • Increase in general 12-year limitation of term of Federal credit union loans to 15 years.

  • A Federal credit union may pur- chase shares or deposits in a corporate credit union, except where the NCUA Board has notified it that the cor- porate credit union is not operating in compliance with part 704 of this chap- ter.

  • A Federal credit union may invest in a fixed or variable rate collateralized mortgage obligation/real estate mort- gage investment conduit.

  • Upon its finding that a Federal credit union insured under this subchapter is bankrupt or insolvent, the Board shall close such credit union for liquidation and appoint itself liquidat- ing agent therefor.


More Definitions of Federal credit union

Federal credit union means any institution chartered or organized as a federal credit union pursuant to the laws of the United States having its principal office in this state;
Federal credit union means credit union as defined in Section 101 of the Federal Credit Union Act, 12 U.S.C. 1752(1).
Federal credit union means a credit union duly organized under the laws of the
Federal credit union means a credit union organized and operating under the laws of the United States.
Federal credit union means a credit union orga- nized and operating under the laws of the United States.
Federal credit union means a credit union orga-
Federal credit union means a credit union duly organized under federal law.