---
kind: "section"
citation: "12 C.F.R. § 741.9"
title: "12"
number: "741.9"
heading: "Uninsured membership shares."
url: "https://uscodex.org/cfr/12/741.9"
---

# §741.9. Uninsured membership shares.


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](/cfr/12/part745.md) of this chapter.


## Notes

### Authority

Authority: 12 U.S.C. 1757, 1766(a), 1781-1790, 1790d, 3331 et seq; 31 U.S.C. 3717.

### Source

Source: 60 FR 58504, Nov. 28, 1995, unless otherwise noted.