Federal Credit Union Act
E864723
The Federal Credit Union Act is a U.S. law that established the federal credit union system, providing a legal framework for the creation, regulation, and operation of member-owned credit unions nationwide.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Federal Credit Union Act canonical | 3 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
banking law ⓘ financial regulation law ⓘ |
| administeredBy | National Credit Union Administration NERFINISHED ⓘ |
| amended | by subsequent financial regulatory acts ⓘ |
| appliesTo | member-owned credit unions ⓘ |
| authorizes | chartering of federal credit unions ⓘ |
| citation |
48 Stat. 1216
ⓘ
Public Law 73-467 NERFINISHED ⓘ |
| codifiedIn | Title 12 of the United States Code NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateSigned | 1934-06-26 ⓘ |
| defines |
governance structure of federal credit unions
ⓘ
membership requirements for federal credit unions ⓘ powers of federal credit unions ⓘ |
| enactedBy | United States Congress ⓘ |
| establishes | federal credit union system ⓘ |
| governs |
operation of federal credit unions
ⓘ
organization of federal credit unions ⓘ supervision of federal credit unions ⓘ |
| historicalContext | Great Depression era legislation ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| language | English ⓘ |
| legalStatus | in force ⓘ |
| longTitle | An Act to establish a Federal Credit Union System, to establish a further market for securities of the United States and to make more available to people of small means credit for provident purposes, and for other purposes NERFINISHED ⓘ |
| objective |
to encourage savings and thrift through cooperative institutions
ⓘ
to make credit more available to people of small means ⓘ |
| primarySubject | credit unions ⓘ |
| providesFor |
federal chartering of credit unions
ⓘ
regulation of credit union powers and activities ⓘ supervision of federal credit unions ⓘ |
| purpose |
to establish a federal credit union system
ⓘ
to promote thrift among members ⓘ to provide a legal framework for the creation and operation of member-owned credit unions ⓘ to provide a source of credit for provident and productive purposes ⓘ |
| regulates | federal credit unions ⓘ |
| relatedTo |
Federal Credit Union Share Insurance
NERFINISHED
ⓘ
National Credit Union Administration NERFINISHED ⓘ |
| sector | financial services ⓘ |
| shortTitle | Federal Credit Union Act NERFINISHED ⓘ |
| signedBy |
President Franklin D. Roosevelt
ⓘ
surface form:
Franklin D. Roosevelt
|
| subjectMatter |
consumer credit
ⓘ
cooperative finance ⓘ financial cooperatives ⓘ |
| targetGroup |
credit union members
ⓘ
people of small means ⓘ |
| typeOfRegulation | prudential regulation of credit unions ⓘ |
| yearEnacted | 1934 ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.