12 CFR 705.4

§ 705.4 Permissible uses of loan funds.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 705.4, § 705.4 Permissible uses of loan funds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48490
Permanent ID: ys:prov:48490@1
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Full text

NCUA may make loans from the Fund to Participating Credit Unions for various uses. The following is a non-exhaustive list of permissible uses or projects: (a) Development of new products or services for members, including new or expanded share draft or credit card programs; (b) Partnership arrangements with community-based service organizations or government agencies; (c) Loan programs, including, but not limited to, microbusiness loans, payday loan alternatives, education loans, and real estate loans; (d) Acquisition, expansion, or improvement of office space or equipment, including branch facilities, ATMs, and electronic banking facilities; and (e) Operational programs such as security or disaster recovery.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.