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Insured Credit Union definition

Insured Credit Union means any credit union, the member accounts of which are insured by the National Credit Union Share Insurance Fund by the National Credit Union Administra- tion pursuant to authority granted in 12 U.S.C. 1783 et seq.;
Insured Credit Union means any credit union, the member accounts of which are insured by the National Credit Union Share Insurance Fund;
Insured Credit Union means any credit union, the member accounts of which are insured by the National Credit Union Share Insurance Fund. Insured Depository Institution shall mean any bank or thrift, the deposits of which are insured by the Federal Deposit Insurance Corporation. Investment Area shall mean the geographic area meeting the requirements set forth in 12 C.F.R.

Examples of Insured Credit Union in a sentence

  • In addition to meeting the requirements of Section 5.7 (a) and (b) herein, as applicable, the Recipient shall do all things necessary to preserve, renew and keep in full force and effect its status as an Insured Credit Union, Insured Depository Institution, Depository Institution Holding Company or State-Insured Credit Union, as applicable.

  • Under the current rule, Insured Credit Union and State-Insured Credit Union Applicants may use the increase in retained earnings since the inception of the organization as matching funds so long as they also demonstrate a required amount of increase in shares, loans, and other activity as described in the applicable Notice of Funds Availability.

  • In addition to meeting the requirements of Section 5.7(a) herein, as applicable, the Recipient shall do all things necessary to preserve, renew and keep in full force and effect its status as an Insured Credit Union, Insured Depository Institution, Depository Institution Holding Company or State-Insured Credit Union, as applicable.

  • Insured Credit Union, Depository Institution Holding Company or Insured Depository Institution.

  • The Regulations allow an Insured Credit Union to use retained earnings to serve as matching funds for a FA award in an amount equal to: (i) the increase in retained earnings that has occurred over the Applicant’s most recent fiscal year; (ii) the annual average of such increases that has occurred over the Applicant’s three most recent fiscal years; or (iii) the entire retained earnings that have been accumulated since the inception of the Applicant, as provided in the Regulations.

  • In the case of CDFI Intermediaries, Financial Products may also include loans to CDFIs and/or Emerging CDFIs, and deposits in Insured Credit Union CDFIs, Emerging Insured Credit Union CDFIs, and/or State-Insured Credit Union CDFIs. For HFFI-FA, however, the purchase of loans originated by Certified CDFIs, loan refinancing, or any type of financing for prepared food outlets are not eligible activities.Allii.

  • The Regulations allow an Insured Credit Union to use retained earnings to serve as matching funds for a FA award.

  • For purposes of this NOFA, the Fund is waiving said four-fold requirement and will instead require that such an Insured Credit Union applicant must increase its member and/or non-member shares by an amount that is at least equal to two times the amount of retained earnings that is being used as matching funds by September 30, 2004.

  • For loss allocation purposes, Insured Credit Union Clearing Members would be designated as ‘‘Tier One Clearing Members’’ in accordance with MBSD Rule 4, Section 7.

  • For single- family National File B and the multifamily Census Tract File, FHFA is preserving the prior PUDB data field recoding, which is: 1 = Mortgage Company; 2 = SAIF Insured Depository Institution; 3 = BIF Insured Depository Institution; 4 = NCUA Insured Credit Union; 5 = Other.


More Definitions of Insured Credit Union

Insured Credit Union means an insured credit union as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752).
Insured Credit Union means any credit union, the member accounts of which are insured by the NationalCredit Union Share Insurance Fund; (aa) Insured Depository Institutionmeans any bank or thrift, the deposits of which are insured by the FederalDeposit Insurance Corporation; (bb) Investment Area means ageographic area meeting therequirements of § 1805.201(b)(3);(cc) Low-Inco me means an income, adjusted for family size, of not morethan:
Insured Credit Union means any credit union, the member accounts of which are insured by the National Credit Union Share Insurance Fund. Insured Depository Institution shall mean any bank or thrift, the deposits of which are insured by the Federal Deposit Insurance Corporation. Investment Area shall mean the geographic area meeting the requirements set forth in 12 C.F.R. Lead Certified CDFI shall mean the designated lead Certified CDFI in the SDL Program Application for an Applicant that applied as a Partnership and is the entity solely responsible for carrying out the activities described in its Application and complying with the terms and conditions of this Agreement.
Insured Credit Union as used in this Part means a credit union insured

Related to Insured Credit Union

  • Credit Union means the registered society.

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

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

  • Credit union service organization means an organization, corporation, or association whose membership or ownership is primarily confined or restricted to credit unions or organizations of credit unions and whose purpose is primarily designed to provide services to credit unions, organizations of credit unions, or credit union members.

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

  • Maritime agency services means activities consisting in representing, within a given geographic area, as an agent the business interests of one or more shipping lines or shipping companies, for the following purposes:

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Regulated Bank means a commercial bank with a consolidated combined capital surplus of at least $5,000,000,000 that is (i) a U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (ii) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (iii) a branch, agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board of Governors under 12 CFR part 211; (iv) a non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in clause (iii); or (v) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction.

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

  • Settlement Administrator means the third party settlement administrator proposed by the Parties, as approved by the Court.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Organ procurement organization means a person designated by the Secretary of the United States Department of Health and Human Services as an organ procurement organization.

  • Correspondent Bank means the overseas bank with whom a member maintains its account for Clearing and Settlement of that member‟s forex trades.

  • Appraisal management services means one or more of the following:

  • Investment Management Services means any services which involve: (i) the management of an investment account or Fund (or portions thereof or a group of investment accounts or Funds); (ii) the giving of advice with respect to the investment and/or reinvestment of assets or funds (or any group of assets or funds); or (iii) otherwise acting as an “investment adviser” within the meaning of the Investment Advisers Act of 1940, as amended, including, without limitation, in each of the foregoing cases, performing activities related or incidental thereto.

  • Relevant Institution means a person that has permission under Part 4A of the Financial Services and Markets Act 2000 (permission to carry on regulated activity).

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

  • Planned Financed Generation Capacity Resource means a Planned Generation Capacity Resource that, prior to August 7, 2015, has an effective Interconnection Service Agreement and has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close.

  • Disaster Management Act means the Disaster Management Act, 2002 (Act No.57 of 2002)

  • Essential community provider or “ECP” means a provider that:

  • Self-administration means carrying and taking medication without the intervention of the school nurse, approved through the school district policy and restricted to students with asthma, other potentially life-threatening illnesses or life-threatening allergic reaction.

  • Health and Human Services Commission or “HHSC” means the administrative agency established under Chapter 531, Texas Government Code, or its designee.

  • Swap Administration Agreement As defined in Section 4.08(b).