Statutes, codes, and regulations
Code of Federal Regulations
Title 12 - BANKS AND BANKINGChapter VII - NATIONAL CREDIT UNION ADMINISTRATIONSubchapter A - REGULATIONS AFFECTING CREDIT UNIONSPart 741 - REQUIREMENTS FOR INSURANCE
Subpart A - REGULATIONS THAT APPLY TO BOTH FEDERAL CREDIT UNIONS AND FEDERALLY INSURED STATE-CHARTERED CREDIT UNIONS AND THAT ARE NOT CODIFIED ELSEWHERE IN NCUA'S REGULATIONS
Section 741.9 - Uninsured membership shares

12 C.F.R. § 741.9

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Current through November 30, 2024
Section 741.9 - Uninsured membership shares

Any credit union that is insured pursuant to title II of the Act may not offer membership shares that, due to the terms and conditions of the account, are not eligible for insurance coverage. This prohibition does not apply to shares that are uninsured solely because the amount is in excess of the maximum insurance coverage provided pursuant to part 745 of this chapter.

12 C.F.R. §741.9