12 CFR 705.4 - Permissible uses of loan funds.

§ 705.4 Permissible uses of loan funds.
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:
(a) Development of new products or services for members, including new or expanded share draft or credit card programs;
(b) Partnership arrangements with community-based service organizations or government agencies;
(c) Loan programs, including, but not limited to, microbusiness loans, payday loan alternatives, education loans, and real estate loans;
(d) Acquisition, expansion, or improvement of office space or equipment, including branch facilities, ATMs, and electronic banking facilities; and
(e) Operational programs such as security or disaster recovery.

Title 12 published on 2014-01-01

no entries appear in the Federal Register after this date.

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