The law › Title 12, Banks and Banking › Chapter 14
12 U.S.C. 1785: Requirements governing insured credit unions
Created in 1970 by Public Law 91-468. Changed by 11 later laws. 1 bill in this Congress would change it.
1 other section of the Code cite this one, including 12 U.S.C. 1757.
10 parts of federal rules cite it as their authority, written by National Credit Union Administration (10).
- past change
- enacted this Congress
- proposed
This Congress
- H.R. 6955 Main Street Capital Access Act · passed house · would change (j)
How it got here
2022
- Pub. L. 117–263 added pars. (4) to (6). (James M. Inhofe National Defense Authorization Act for Fiscal Year 2023) Law text · (d)
2010
- Pub. L. 111–203, §362(2)(A), struck out "the Office of Thrift Supervision and" before "the Office of the Comptroller". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (b)
- Pub. L. 111–203, §362(2)(B), struck out "or the Federal Savings and Loan Insurance Corporation" before "to purchase". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (i)
2006
- Pub. L. 109–173 amended heading and text of subsec. (a) generally. Prior to amendment, text read as follows: "Every insured credit union shall display at each place of business maintained by it a sign or signs indicating that its member accounts are insured by the Board and shall inclu… (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (a)
- Pub. L. 109–351 added subsec. (j). (Financial Services Regulatory Relief Act of 2006) Law text · (j)
1998
- Pub. L. 105–219, §202(1), substituted "Except as provided in paragraph (2), no insured credit union shall, without the prior approval of the Board" for "Except with the prior written approval of the Board, no insured credit union shall". (Credit Union Membership Access Act) Law text · (b)
- Pub. L. 105–219, §202(2), (3), added par. (2) and redesignated former par. (2) as (3). (Credit Union Membership Access Act) Law text · (b), (3)
1994
- Pub. L. 103–322 amended heading and text of subsec. (d) generally. Prior to amendment, text read as follows: · (d)
1989
- Pub. L. 101–73 amended subsec. (d) generally. Prior to amendment, subsec. (d) read as follows: "Except with the written consent of the Board, no person shall serve as a director, officer, committee member, or employee of an insured credit union who has been convicted, or who is hereaft… · (d)
1987
- Pub. L. 100–86 repealed Pub. L. 97–320, §141. See 1982 Amendment note below.
1982
- Pub. L. 97–320, §706(b), inserted provisions relating to deposits of public funds. · (f)
- Pub. L. 97–320, §131, added subsecs. (h) and (i). · (h), (i)
- Pub. L. 97–320, §141(a)(8), which directed that, effective Oct. 13, 1986, the provisions of law amended by section 131 of Pub. L. 97–320 shall be amended to read as they would without such amendment, was repealed by Pub. L. 100–86, §509(a). See Effective and Termination Dates of 1982 Amendment note… · (h), (i)
1980
- Pub. L. 96–221, §305(d), added subsec. (f). · (f)
- Pub. L. 96–221, §523, added subsec. (g). · (g)
1978
- Pub. L. 95–630 substituted "Board" for "Administrator" wherever appearing, and "its" for "his" where appropriate.
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.