1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter VII - NATIONAL CREDIT UNION ADMINISTRATION
  4. Subchapter A - REGULATIONS AFFECTING CREDIT UNIONS
  5. Part 712 - CREDIT UNION SERVICE ORGANIZATIONS (CUSOs)
  6. 12 CFR § 712.6
12 CFR § 712.6
What activities and services are prohibited for CUSOs?
November 10, 2020
CFR

General. CUSOs must not acquire control of, either directly or indirectly, another depository financial institution, nor invest in shares, stocks, or obligations of an insurance company, trade association, liquidity facility or similar organization, corporation, or association.

[63 FR 10756, Mar. 5, 1998, as amended at 64 FR 66361, Nov. 26, 1999]

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§ 712.1 What does this part cover?

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