Corporate CUSO

Corporate CUSO means a CUSO, as defined in part 712 of this chapter, that:
(1) Is a consolidated CUSO;
(2) A corporate credit union has the power, directly or indirectly, to direct the CUSO's management or policies;
(3) A corporate credit union owns 25 percent or more of the CUSO's contributed equity, stock, or membership interests; or
(4) The aggregate corporate credit union ownership meets or exceeds 50 percent of the CUSO's contributed equity, stock, or membership interests.

Source

12 CFR § 704.2


Scoping language

As used in this part:

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