12 U.S.C. § 1795c
Membership
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 1795c, Membership, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437984
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Full text
A credit union primarily serving natural persons may be a Regular member of the Facility by subscribing to the capital stock of the Facility in an amount not less than one-half of 1 per centum of the credit union’s paid-in and unimpaired capital and surplus.
A credit union or group of credit unions, primarily serving other credit unions, may be an Agent member of the Facility by—
Stock subscriptions provided for in subsections (a) and (b)(2) of this section shall be—
An Agent member of the Facility shall perform for its member credit unions those functions required by the Board to carry out this subchapter.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Financial Institutions Regulatory and Interest Rate Control Act of 1978House: no recorded tallySenate: no recorded tally
- Depository Institutions Deregulation and Monetary Control Act of 1980House: no recorded tallySenate: no recorded tally
- Financial Services Regulatory Relief Act of 2006House: 417–0Senate: no recorded tally
- CARES Act