---
kind: "section"
citation: "12 C.F.R. § 725.3"
title: "12"
number: "725.3"
heading: "Regular membership."
url: "https://uscodex.org/cfr/12/725.3"
---

# §725.3. Regular membership.

- (a) A natural person credit union may become a Regular member of the Facility by:
  - (1) Making application on a form approved by the Facility;
  - (2) Subscribing to capital stock of the Facility in an amount equal to one-half of 1 percent of the credit union's paid-in and unimpaired capital and surplus, as determined in accordance with [§ 725.5(b)](/cfr/12/725.5.md?p=b) of this part, and forwarding with its completed application funds equal to one-half of this stock subscription; and
  - (3) **Furnishing the following reports and documents with the completed membership application—**
    - (i) A copy of the credit union's financial and statistical report for the most recent calendar month; and
    - (ii) **Copies of the credit union's charter and bylaws, unless the credit union is federally chartered.**
- (b) [Reserved]

## Notes

### Amendments

[44 FR 49437, Aug. 23, 1979, as amended at 47 FR 1371, Jan. 13, 1982; 84 FR 1608, Feb. 5, 2019; 85 FR 23735, Apr. 29, 2020]

### Authority

Authority: 12 U.S.C. 1795f(a)(2).

### Source

Source: 44 FR 49437, Aug. 23, 1979, unless otherwise noted.

### Amendments

[44 FR 49437, Aug. 23, 1979, as amended at 47 FR 1371, Jan. 13, 1982; 84 FR 1608, Feb. 5, 2019; 85 FR 23735, Apr. 29, 2020]