22 U.S. Code § 5426 - United States policy of private financial support for Polish and Hungarian credit unions
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—
United States citizens, financial institutions (other than federally insured depository institutions), and other persons may make contributions and loans to, make capital deposits in, and provide other forms of financial and technical assistance to credit unions in Poland and Hungary; and
(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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