Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 12 - Banks and Banking |
Chapter VII - National Credit Union Administration |
SubChapter A - Regulations Affecting Credit Unions |
Part 703 - Investment and Deposit Activities |
Subpart A - General Investment and Deposit Activities |
§ 703.6 - Credit analysis.
Latest version.
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§ 703.6 Credit analysis.
A Federal credit union must conduct and document a credit analysis on an investment and the issuing entity before purchasing it, except for investments issued or fully guaranteed as to principal and interest by the U.S. government or its agencies, enterprises, or corporations or fully insured (including accumulated interest) by the National Credit Union Administration or the Federal Deposit Insurance Corporation. A Federal credit union must update this analysis at least annually for as long as it holds the investment.