Insuring organization definition
Insuring organization means an organization that provides aid and financial assistance to credit unions that are in the process of liquidation or are incurring financial difficulty in order that the share and deposit accounts in the credit unions shall be protected or guaranteed against loss or without limit or up to a specified level for each account.
Insuring organization means the national credit union
Insuring organization means the national credit union administration or successor organization or any other equivalent insurer approved by the superintendent.
More Definitions of Insuring organization
Insuring organization means a cooperative share insurance fund or a guaranty corporation or credit union that provides aid and financial assistance to credit unions that are in the process of liquidation or are incurring financial difficulty in order that the share and deposit accounts in the credit unions will be protected or guaranteed against loss up to a specified level for each account.