C.F.R. » Title 12 » CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION › SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS › PART 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

12 C.F.R. § 741.9

Uninsured membership shares

Read at: eCFRecfr.gov CornellLII GovInfogovinfo.gov CasesGoogle Scholar

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.

Notes of Decisions
Cited in 1 case, 1995–1995 · leading case: Flood v. Yeghts, 878 F. Supp. 1083 (N.D. Ill. 1995).
Sort: Relevance Newest Treatment
Flood v. Yeghts, 878 F. Supp. 1083 (N.D. Ill. 1995). “12 C.F.R. § 741.9 . Therefore, as in Salinas Valley, the court finds that the plaintiffs application does not rest in the uncontrolled discretion of the Board.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.