---
kind: "unit"
title: "12"
title_heading: "Banks and Banking"
key: "chVII/subchA/part701"
level: "part"
label: "Part 701"
heading: "Organization and Operation of Federal Credit Unions"
release: "ecfr-current"
date: "2026-08-27"
url: "https://uscodex.org/cfr/12/chVII-subchA-part701"
sections_count: 28
---

# Part 701 — Organization and Operation of Federal Credit Unions

Title 12 C.F.R. — Banks and Banking › Chapter VII — National Credit Union Administration › Subchapter A — Regulations Affecting Credit Unions

## Sections

- [§701.1. Federal credit union chartering, field of membership modifications, and conversions.](/cfr/12/701.1.md)
- [§701.2. Federal credit union bylaws.](/cfr/12/701.2.md)
- [§701.3. Member inspection of credit union books, records, and minutes.](/cfr/12/701.3.md)
- [§701.4. General authorities and duties of Federal credit union directors.](/cfr/12/701.4.md)
- [§701.5. Preemption.](/cfr/12/701.5.md)
- [§701.6. Fees paid by Federal credit unions.](/cfr/12/701.6.md)
- [§701.7-701.13. Reserved](/cfr/12/701.7-701.13.md)
- [§701.14. Change in official or senior executive officer in credit unions that are newly chartered or are in troubled condition.](/cfr/12/701.14.md)
- [§701.15-701.18. Reserved](/cfr/12/701.15-701.18.md)
- [§701.19. Benefits for employees of Federal credit unions.](/cfr/12/701.19.md)
- [§701.20. Suretyship and guaranty.](/cfr/12/701.20.md)
- [§701.21. Loans to members and lines of credit to members.](/cfr/12/701.21.md)
- [§701.22. Loan participations.](/cfr/12/701.22.md)
- [§701.23. Purchase, sale, and pledge of eligible obligations.](/cfr/12/701.23.md)
- [§701.24. Refund of interest.](/cfr/12/701.24.md)
- [§701.25. Loans to credit unions.](/cfr/12/701.25.md)
- [§701.26. Credit union service contracts.](/cfr/12/701.26.md)
- [§701.27-701.29. Reserved](/cfr/12/701.27-701.29.md)
- [§701.30. Services for nonmembers within the field of membership.](/cfr/12/701.30.md)
- [§701.31. Nondiscrimination requirements.](/cfr/12/701.31.md)
- [§701.32. Payment on shares by public units and nonmembers.](/cfr/12/701.32.md)
- [§701.33. Reimbursement, insurance, and indemnification of officials and employees.](/cfr/12/701.33.md)
- [§701.34. Designation of low income status.](/cfr/12/701.34.md)
- [§701.35. Share, share draft, and share certificate accounts.](/cfr/12/701.35.md)
- [§701.36. Federal credit union occupancy and disposal of acquired and abandoned premises.](/cfr/12/701.36.md)
- [§701.37. Treasury tax and loan depositaries; depositaries and financial agents of the Government.](/cfr/12/701.37.md)
- [§701.38. Borrowed funds.](/cfr/12/701.38.md)
- [§701.39. Statutory lien.](/cfr/12/701.39.md)