12 CFR 741.10 - Disclosure of share insurance.

§ 741.10 Disclosure of share insurance.

Any credit union which is insured pursuant to title II of the Act and is permitted by state law to accept nonmember shares or deposits from sources other than other credit unions and public units (or, for low-income designated credit unions, any nonmembers), shall identify such nonmember accounts as nonmember shares or deposits on any statement or report required by the NCUA Board for insurance purposes. Immediately after a state-chartered credit union receives notice from NCUA that its member accounts are federally insured, the credit union shall advise any present nonmember share and deposit holders by letter that their accounts are not insured by the NCUSIF. Also, future nonmember share and deposit fund holders will be so advised by letter as they open accounts.

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 741 after this date.

  • 2017-02-08; vol. 82 # 25 - Wednesday, February 8, 2017
    1. 82 FR 9691 - Alternative Capital
      GPO FDSys XML | Text
      Advance notice of proposed rulemaking.
      Comments must be received on or before May 9, 2017.
      12 CFR Parts 701, 702, 703, 709, 741, and 745