12 CFR 741.212
§ 741.212 Share insurance.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 741.212, § 741.212 Share insurance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48745
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Full text
(a) Member share accounts received by any credit union which is insured pursuant to title II of the Act in its usual course of business, including regular shares, share certificates, and share draft accounts, are insured subject to the limitations and rules in subpart A of part 745 of this chapter.
(b) The payment of share insurance and the appeal process applicable to any credit union which is insured pursuant to title II of the Act are addressed in subpart B of 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.