Part 6601 Supplemental Standards of Ethical Conduct for Employees of the National Endowment for the Humanities

Terms Used In CFR > Title 5 > Chapter LVI

  • accounts: as used in this part means share, share certificate or share draft accounts (or their equivalent under state law, as determined by the Board in the case of insured state credit unions) of a member (which includes other credit unions, public units, and nonmembers where permitted under the Act) in a credit union of a type approved by the Board which evidences money or its equivalent received or held by a credit union in the usual course of business and for which it has given or is obligated to give credit to the account of the member. See 43 CFR 2544.2
  • Advertisement: as used in this part means a commercial message, in any medium, that is designed to attract public attention or patronage to a product or business. See 43 CFR 2544.2
  • Agent: means an Agent member of the Facility. See 43 CFR 2541.2
  • Agent group: means an Agent member of the Facility consisting of a group of corporate credit unions, one of which is designated as the group's Agent group representative and authorized to transact business with the Facility on behalf of the group or any member of the group. See 43 CFR 2541.2
  • Agent loan: means an advance of funds by an Agent to a member natural person credit union to meet liquidity needs which have been the basis for a Facility advance. See 43 CFR 2541.2
  • Agreement to initiate: means a written, nonbinding statement of present intent to initiate and pursue an exchange, which is signed by the parties and which may be amended by the written consent of the parties or terminated at any time upon written notice by any party. See 43 CFR 2200.0-5
  • Arbitration: means a process to resolve a disagreement among the parties as to appraised value, performed by an arbitrator appointed by the Secretary from a list recommended by the American Arbitration Association. See 43 CFR 2200.0-5
  • Authorized officer: means any employee of the Bureau of Land Management who has been delegated the authority and responsibility to make decisions and perform the duties described in this part. See 43 CFR 2200.0-5
  • Bargaining: means a process, other than arbitration, by which parties attempt to resolve a dispute concerning the appraised value of the lands involved in an exchange. See 43 CFR 2200.0-5
  • Central Liquidity Facility: means the National Credit Union Administration Central Liquidity Facility. See 43 CFR 2541.2
  • Corporate credit union: means a Federal or state-chartered credit union primarily serving other credit unions. See 43 CFR 2541.2
  • Definitions: As used in this part, the term:

    (1) Application carries the meaning of that term as defined in 12 CFR 1002. See 43 CFR 2200.0-5

  • Exceptions: The term golden parachute payment does not include:

    (i) Any payment made pursuant to a deferred compensation plan under section 457(b) of the Internal Revenue Code of 1986, 26 U. See 43 CFR 2547.6

  • Facility advance: means an advance of funds by the Facility to a Regular or Agent member. See 43 CFR 2541.2
  • Facility lending officer: means any employee of the Facility or the National Credit Union Administration who has been designated by the NCUA Board as a Facility lending officer. See 43 CFR 2541.2
  • Federal lands: means any lands or interests in lands, such as mineral or timber interests, that are owned by the United States and administered by the Secretary of the Interior through the Director of the Bureau of Land Management, without regard to how the United States acquired ownership, except: (1) Lands located on the Outer Continental Shelf. See 43 CFR 2200.0-5
  • federally insured credit union: means a Federal credit union, state chartered credit union, or corporate credit union the member accounts of which are insured under the Act. See 43 CFR 2547.6
  • golden parachute payment: means any payment or any agreement to make any payment in the nature of compensation by any federally insured credit union for the benefit of any current or former IAP pursuant to an obligation of the credit union that:

    (i) Is contingent on, or by its terms is payable on or after, the termination of the party's primary employment or affiliation with the credit union. See 43 CFR 2547.6

  • Guidelines: (1) Compliance with the Fair Housing Act is achieved when each loan applicant's creditworthiness is evaluated on an individual basis, without presuming that the applicant has certain characteristics of a group. See 43 CFR 2200.0-5
  • Hazardous substances: means those substances designated under Environmental Protection Agency regulations at 40 CFR part 302. See 43 CFR 2200.0-5
  • Lands: means any land and/or interests in land. See 43 CFR 2200.0-5
  • Liquid assets: means the following unpledged assets:

    (1) Cash on hand. See 43 CFR 2541.2

  • Liquidity needs: means the needs of credit unions primarily serving natural persons for:

    (1) Short-term adjustment credit available to assist in meeting temporary requirements for funds or to cushion more persistent outflows of funds pending an orderly adjustment of credit union assets and liabilities. See 43 CFR 2541.2

  • Management policies: means policies of a credit union with respect to membership, shares, deposits, dividends, interest rates, lending, investing, borrowing, safeguarding of assets, hiring, training and supervision of employees, and general operating and control practices and procedures. See 43 CFR 2541.2
  • Market value: means the most probable price in cash, or terms equivalent to cash, that lands or interests in lands should bring in a competitive and open market under all conditions requisite to a fair sale, where the buyer and seller each acts prudently and knowledgeably, and the price is not affected by undue influence. See 43 CFR 2200.0-5
  • Member: means a Regular or Agent member of the Facility, unless the context indicates otherwise. See 43 CFR 2541.2
  • Member natural person credit union: means a natural person credit union which is a member of an Agent or of any corporate credit union in an Agent group. See 43 CFR 2541.2
  • Mineral laws: means those laws applicable to the mineral resources administered by the Bureau of Land Management. See 43 CFR 2091.0-5
  • Natural person credit union: means a Federal or state-chartered credit union primarily serving natural persons. See 43 CFR 2541.2
  • NCUA: means the National Credit Union Administration. See 43 CFR 2547.6
  • Nondiscriminatory: means that the plan, contract or arrangement applies to all employees of a federally insured credit union who meet reasonable and customary eligibility requirements applicable to all employees, such as minimum length of service requirements. See 43 CFR 2547.6
  • Nonfederally insured credit union: as used in this part means a credit union with either no account insurance or with primary account insurance provided by some entity other than the National Credit Union Administration. See 43 CFR 2544.2
  • Opening: means the restoration of a specified area of public lands to operation of the public land laws, including the mining laws, and, if appropriate, the mineral leasing laws, the material disposal laws and the Geothermal Steam Act, subject to valid existing rights and the terms and provisions of existing withdrawals, reservations, classifications, and management decisions. See 43 CFR 2091.0-5
  • Opening order: means an order issued by the Secretary or the authorized officer and published in the 43 CFR 2091.0-5
  • Paid-in and unimpaired capital and surplus: means shares and deposits plus post-closing, undivided earnings. See 43 CFR 2541.2
  • Party: means the United States or any person, State or local government who enters into an agreement to initiate an exchange. See 43 CFR 2200.0-5
  • Person: means any individual, corporation, or other legal entity legally capable to hold title to and convey land. See 43 CFR 2200.0-5
  • Public land laws: means that body of laws dealing with the administration, use and disposition of the public lands, but does not include the mineral laws. See 43 CFR 2091.0-5
  • Resource values: means any of the various commodity values (e. See 43 CFR 2200.0-5
  • Revocation: means the cancellation of a Public Land Order, but does not restore public lands to operation of the public land laws. See 43 CFR 2091.0-5
  • Secretary: means the Secretary of the Interior or a secretarial officer subordinate to the Secretary who has been appointed by the President with the advice and consent of the Senate, and to whom has been delegated the authority of the Secretary to perform the duties described in this part as being performed by the Secretary. See 43 CFR 2091.0-5
  • Secretary: means the Secretary of the Interior or the individual to whom the authority and responsibilities of that official, as to matters considered in this part, have been delegated. See 43 CFR 2200.0-5
  • Segregation: means the removal for a limited period, subject to valid existing rights, of a specified area of the public lands from the operation of some or all of the public land laws, including the mineral laws, pursuant to the exercise by the Secretary of regulatory authority for the orderly administration of the public lands. See 43 CFR 2091.0-5
  • Stock subscription: means the stock subscription required for membership in the Facility. See 43 CFR 2541.2