National Credit Union Administration policies concerning chartering, field of membership modifications, and conversions, also known as the Chartering and Field of Membership Manual, are set forth in appendix B to this part and are available on-line at

[ 75 FR 36263, June 25, 2010]

Terms Used In 12 CFR 701.1

  • Administration: means the National Credit Union Administration. See 12 CFR 700.2
  • Credit union: means a nonprofit financial cooperative chartered under the Federal Credit Union Act or under the laws of any State, the District of Columbia, the several territories and possessions of the United States, or the Commonwealth of Puerto Rico, which laws provide for the organization of financial cooperatives similar in principle and objectives to cooperatives chartered under the Federal Credit Union Act. See 12 CFR 700.2