LICU

Low-income designated credit union (LICU) is a credit union designated as having low-income status in accordance with 701.34 of this chapter.

Source

12 CFR § 702.402

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Scoping language

To the extent they differ, the definitions in this section apply only to Subordinated Debt and not to Grandfathered Secondary Capital. (Definitions applicable to Grandfathered Secondary Capital are in 702.414.) All other terms in this subpart and not expressly defined in this section have the meanings assigned to them elsewhere in this part. For ease of use, certain key terms are included in this section using cross citations to other sections of this part where those terms are defined.

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