Sec. 4. Underserved area defined
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Section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ) is amended— in paragraph (8), by striking ; and and inserting a period; in paragraph (9), by striking the period at the end and inserting ; and ; and by adding at the end the following: the term underserved area means a geographic area consisting of 1 or more population census tracts or 1 or more counties, that encompass or are located within— an investment area, as defined in section 103(16) of the Community Development Banking and Financial Institutions Act of 1994 ( 12 U.S.C. 4702(16) ); groups of contiguous census tracts in which at least 85 percent individually qualify as low-income communities, as defined in section 45D(e) of the Internal Revenue Code of 1986; or an area that is more than 10 miles, as measured from each point along the perimeter of the area, from the nearest branch of a depository institution, as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 ) or credit union. .
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