§ 1752a. National Credit Union Administration
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/usc/title-12/section-1752aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Establishment; management under National Credit Union Administration Board There is established in the executive branch of the Government an independent agency to be known as the National Credit Union Administration. The Administration shall be under the management of a National Credit Union Administration Board.
(b)Membership and appointment of Board
(1)In general The Board shall consist of three members, who are broadly representative of the public interest, appointed by the President, by and with the advice and consent of the Senate. In appointing the members of the Board, the President shall designate the Chairman. Not more than two members of the Board shall be members of the same political party.
(2)Appointment criteria
(A)Experience in financial services In considering appointments to the Board under paragraph (1), the President shall give consideration to individuals who, by virtue of their education, training, or experience relating to a broad range of financial services, financial services regulation, or financial policy, are especially qualified to serve on the Board.
(B)Limit on appointment of credit union officers Not more than one member of the Board may be appointed to the Board from among individuals who, at the time of the appointment, are, or have recently been, involved with any insured credit union as a committee member, director, officer, employee, or other institution-affiliated party.
(c)Term of office The term of office of each member of the Board shall be six years, except that the terms of the two members, other than the Chairman, initially appointed shall expire one upon the expiration of two years after the date of appointment, and the other upon the expiration of four years after the date of appointment. Board members shall not be appointed to succeed themselves except the initial members appointed for less than a six-year term may be reappointed for a full six-year term and future members appointed to fill unexpired terms may be reappointed for a full six-year term. Any Board member may continue to serve as such after the expiration of said member’s term until a successor has qualified.
(d)Management of Administration vested in Board; adoption of rules; quorum; report to President and Congress The management of the Administration shall be vested in the Board. The Board shall adopt such rules as it sees fit for the transaction of its business and shall keep permanent and complete records and minutes of its acts and proceedings. A majority of the Board shall constitute a quorum. Not later than April 1 of each calendar year, and at such other times as the Congress shall determine, the Board shall make a report to the President and to the Congress. Such a report shall summarize the operations of the Administration and set forth such information as is necessary for the Congress to review the financial program approved by the Board.
(e)Functions of Chairman The Chairman of the Board shall be the spokesman for the Board and shall represent the Board and the National Credit Union Administration in its official relations with other branches of the Government. The Chairman shall determine each Board member’s area of responsibility and shall review such assignments biennially. It shall be the Chairman’s responsibility to direct the implementation of the adopted policies and regulations of the Board.
(f)Audit by Government Accountability Office The financial transactions of the Administration shall be subject to audit by the Government Accountability Office in accordance with the principles and procedures applicable to commercial corporate transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States. The audit shall be conducted at the place or places where the accounts of the Administration are kept.
(June 26, 1934, ch. 750, title I, § 102, formerly § 3, as added Pub. L. 86–354, § 1, Sept. 22, 1959, 73 Stat. 628; amended Pub. L. 91–206, § 3, Mar. 10, 1970, 84 Stat. 49; renumbered title I, § 102, Pub. L. 91–468, § 1(2), Oct. 19, 1970, 84 Stat. 994; amended Pub. L. 95–630, title V, § 501, Nov. 10, 1978, 92 Stat. 3680; Pub. L. 97–320, title V, § 502, Oct. 15, 1982, 96 Stat. 1528; Pub. L. 105–219, title II, § 204, Aug. 7, 1998, 112 Stat. 922; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814.)
Connections96 cite this · traces to 3
Cited by 96 sections · top 60
U.S. Code
- § 1113Congressional information
- § 1751Short title
- § 1681sAdministrative enforcement
- § 1607Administrative enforcement
- § 2804Enforcement
- § 1691cAdministrative enforcement
- § 415Requirements for Federal entities and designated Federal entities
- § 1692lAdministrative enforcement
- § 252Credit availability assessment
- § 1693oAdministrative enforcement
- § 3015Eligibility of cooperatives
- § 6822Administrative enforcement
- § 2402Membership of Commission
- § 292kParticipation by Federal credit unions in Federal, State, and private student loan insurance programs
- § 1795iAnnual report
- § 1751aOmitted
- § 1775Conditions upon conversion to Federal status
- § 1773District of Columbia credit unions; conversion to Federal status
- § 1774Approval of certificate; assets and obligations of applicant credit union
statutes-at-large
- Public Law 91–205to insure that certain buildings financed with Federal funds are so designed and constructed as to be accessible to the physically handicapped , approved August 12, 1968 (42 U
- Public Law 106–569To expand homeownership in the United States, and for other purposes
- Public Law 95–630To extend the authority for the flexible regulation of Interest rates on deposits and accounts in depository institutions
- Public Law 101–73To reform, recapitalize, and consolidate the Federal deposit insurance system, to enhance the regulatory and enforcement powers of Federal financial institutions regulatory agencies, and for other purposes
- Public Law 105–219To amend the Federal Credit Union Act to clarify existing law with regard to the field of membership of Federal credit unions, to preserve the integrity and purpose of Federal credit unions, to enhance supervisory oversight of insured credit unions, and for other purposes
- Public Law 97–320To revitalize the housing industry by strengthening the financial stability of home mortgage lending institutions and ensuring the availability of home mortgage loans
- Public Law 117–286To make revisions in title 5, United States Code, as necessary to keep the title current, and to make technical amendments to improve the United States Code
- Public Law 104–207Waiving certain enrollment requirements with respect to any bill or joint resolution of the One Hundred Fourth Congress making genera) or continuing appropriations for fiscal year 1997
- Public Law 111–203To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes
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- Rules and RegulationsDirect final rule with request for comments
- Proposed RulesProposed rule
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- UnknownFinal rule
- Proposed RulesNotice
- Proposed RulesProposed rule
- UnknownInterim final rule
- UnknownFinal interpretive ruling and policy statement 19-1
- NoticesNotice of a rescinded system of records; notice of a modified system of records
- Rules and RegulationsInterim final rule; request for comments
- NoticesNotice of a modified system of records; notice of modified standard routine uses
- NoticesFinal rule
- NoticesNotice
- UnknownFinal rule; technical amendments
- Proposed RulesNotice
- NoticesNotice and request for comments
- Rules and RegulationsNotice
- Presidential DocumentsTechnical corrections
statute-compilations
Traces to 3 documents
33 references not yet in our index
- June 26, 1934, ch. 750
- Pub. L. 86–354, § 1
- 73 Stat. 628
- Pub. L. 91–206, § 3
- 84 Stat. 49
- Pub. L. 91–468, § 1(2)
- 84 Stat. 994
- Pub. L. 95–630, title V, § 501
- 92 Stat. 3680
- Pub. L. 97–320, title V, § 502
- 96 Stat. 1528
- Pub. L. 105–219, title II, § 204
- 112 Stat. 922
- Pub. L. 108–271, § 8(b)
- 118 Stat. 814
- act June 29, 1948, ch. 711
- 62 Stat. 1091
- Pub. L. 108–271
- Pub. L. 105–219
- Pub. L. 97–320
- Pub. L. 95–630
- Pub. L. 91–206
- section 509 of Pub. L. 95–630
- Pub. L. 91–206, § 6
- 84 Stat. 51
- Pub. L. 105–219, title IV, § 401
- 112 Stat. 934
- Pub. L. 104–208, div. A, title II, § 2606
- 110 Stat. 3009–473
- Pub. L. 101–73, title XII, § 1201
- 103 Stat. 519
- Pub. L. 86–354, § 3
- 73 Stat. 639
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§ 1752a
National Credit Union Administration
Bills×34
Fed. Reg.×29
U.S.C.×19
Stat.×10
Stat. Comp.×3
Pub. L.×1
ActJune 26, 1934, ch. 750
Pub. L.Pub. L. 86–354, § 1
Stat.73 Stat. 628
Pub. L.Pub. L. 91–206, § 3
Stat.84 Stat. 49
Cites 36 · showing 8Cited by 96 across 6 sources