§704.11. Credit Union Service Organizations (CUSOs). — Inbound Citations
12 C.F.R. § 704.11
Statutory Authority
Cited by 4 regulations in release Current.
Citations to 12 U.S.C. § 704.11 as a whole
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As used in this part:
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(3) CUSOs, subject to the limitations of § 704.11;
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(2) Any loan or line of credit from a corporate credit union to a CUSO must comply with § 704.11.
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(a) This part establishes when a federal credit union (FCU) can invest in and make loans to credit union service organizations (CUSOs). CUSOs are subject to review by NCUA. This part does not apply to corporate credit unions that have CUSOs subject to § 704.11 of this chapter.