Federal credit unions (FCUs) may invest in common stock of the Federal Agricultural Mortgage Corporation, or Farmer Mac, to the extent they must in order to serve as loan originators or sellers in the program, […]
Whether share insurance applies to a credit union share certificate purchased by a limited liability corporation (LLC) depends in part on who owns the funds and whether the LLC is engaged in an “independent activity” […]
A June legal opinion from the federal credit union regulatory agency notes that the “reasonable proximity” requirement under the Federal Credit Union Act doesn’t set a maximum distance between the location of a group that […]
In the second legal opinion letter published this year addressing “other similar escrow account” share insurance coverage, the federal regulator of credit unions has determined that a particular 529 savings account offered by a state-chartered, […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info