12 CFR 741.9

§ 741.9 Uninsured membership shares.

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

Cite this

Citation: 12 CFR 741.9, § 741.9 Uninsured membership shares, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48729
Permanent ID: ys:prov:48729@1
SHA-256: b066a985ac3221db1435412267304092a9d46f0a4f836faa6f13da718a25c090

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Full text

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.

Legislative history

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