12 CFR § 712.6 Credit Union Service Organizations (CUSOs)

§ 712.6 What activities and services are prohibited for CUSOs?

Current through Oct 1, 2026 · Read all of Part 712

General. CUSOs must not acquire control of, either directly or indirectly, another depository financial institution, nor invest in shares, stocks, or obligations of an insurance company, trade association, liquidity facility or similar organization, corporation, or association.

[63 FR 10756, Mar. 5, 1998, as amended at 64 FR 66361, Nov. 26, 1999]

← § 712.5 What activities and services are preapproved for CUSOs?§ 712.8 What transaction and compensation limits might apply to individuals related to both an FCU and a CUSO? →