§705.4. Permissible uses of loan funds.
12 C.F.R. § 705.4
NCUA may make loans from the Fund to Participating Credit Unions for various uses. The following is a non-exhaustive list of permissible uses or projects:
Development of new products or services for members, including new or expanded share draft or credit card programs;
Partnership arrangements with community-based service organizations or government agencies;
Loan programs, including, but not limited to, microbusiness loans, payday loan alternatives, education loans, and real estate loans;
Acquisition, expansion, or improvement of office space or equipment, including branch facilities, ATMs, and electronic banking facilities; and
Operational programs such as security or disaster recovery.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1756, 1757(5)(D), and (7)(I), 1766, 1782, 1784, 1785 and 1786.
Source
Source: 76 FR 67587, Nov. 2, 2011, unless otherwise noted.