Qualifying Credit Union

Qualifying Credit Union means a credit union that may be, or has agreed to be, examined by NCUA, with a current low-income designation pursuant to 701.34(1) or 741.204 of this chapter or, in the case of a non-federally insured credit union, a low-income designation from a state regulator, made under appropriate state standards with the concurrence of NCUA. Services to low-income members must include, at a minimum, offering share accounts and loans.

Source

12 CFR § 705.2

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Scoping language

For purposes of this part, the following terms shall have the meanings assigned to them in this section.

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