§ 705.4. Permissible uses of loan funds.
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/us/cfr/t12/s§ 705.4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NCUA may make loans from the Fund to Participating Credit Unions for various uses. The following is a non-exhaustive list of permissible uses or projects:
(a)Development of new products or services for members, including new or expanded share draft or credit card programs;
(b)Partnership arrangements with community-based service organizations or government agencies;
(c)Loan programs, including, but not limited to, microbusiness loans, payday loan alternatives, education loans, and real estate loans;
(d)Acquisition, expansion, or improvement of office space or equipment, including branch facilities, ATMs, and electronic banking facilities; and
(e)Operational programs such as security or disaster recovery.
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§ 705.4
Permissible uses of loan funds.
Fed. Reg.×2
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