---
kind: "section"
citation: "12 C.F.R. § 704.17"
title: "12"
number: "704.17"
heading: "State-chartered corporate credit unions."
url: "https://uscodex.org/cfr/12/704.17"
---

# §704.17. State-chartered corporate credit unions.

- (a) This part does not expand the powers and authorities of any state-chartered corporate credit union, beyond those powers and authorities provided under the laws of the state in which it was chartered.
- (b) A state-chartered corporate credit union that is not insured by the NCUSIF, but that receives funds from federally insured credit unions, is considered an “institution-affiliated party” within the meaning of Section 206(r) of the Federal Credit Union Act, [12 U.S.C. 1786(r)](/usc/12/1786.md?p=r).
- (c) NCUA will notify, consult with, and provide explanation to the appropriate state supervisory authority before taking administrative action against a state-chartered corporate credit union.

## Notes

### Authority

Authority: 12 U.S.C. 1766(a), 1781, 1789.

### Source

Source: 62 FR 12938, Mar. 19, 1997, unless otherwise noted.