12 CFR 712.6 - What activities and services are prohibited for CUSOs?

§ 712.6 What activities and services are prohibited for CUSOs?

General. CUSOs must not acquire control of, either directly or indirectly, another depository financial institution, nor invest in shares, stocks, or obligations of an insurance company, trade association, liquidity facility or similar organization, corporation, or association.

[ 63 FR 10756, Mar. 5, 1998, as amended at 64 FR 66361, Nov. 26, 1999]

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


United States Code

Title 12 published on 17-Jun-2017 04:33

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 712 after this date.

  • 2013-12-03; vol. 78 # 232 - Tuesday, December 3, 2013
    1. 78 FR 72537 - Credit Union Service Organizations
      GPO FDSys XML | Text
      NATIONAL CREDIT UNION ADMINISTRATION, 12 CFR Parts 712 and 741
      Final rule.
      This rule is effective June 30, 2014. CUSOs will begin submitting reports to NCUA under new § 712.3(d)(4) when the agency's reporting system is fully operational, which will be by December 31, 2015.
      12 CFR Part 712