22 U.S. Code § 5426 - United States policy of private financial support for Polish and Hungarian credit unions
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United States policy of private financial support for Polish and Hungarian credit unions
(a) In generalIn order to facilitate the development of indigenous credit unions in Poland and Hungary, it is the policy of the United States that—
federally insured depository institutions may provide technical assistance to credit unions in Poland and Hungary, to the extent that the provision of such assistance is prudent and not inconsistent with safe and sound banking practice.
(c) DefinitionsFor purposes of subsection (a)—
(1) the term “credit union” means a member-owned, nonprofit, cooperative depository institution—
which is formed to permit individuals in the field of membership specified in such institution’s charter to pool their savings, lend the savings to one another, and own the organization where they save, borrow, and obtain related financial services; and
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