Amendments
1959—Pub. L. 86–354 reen acted section without change.
Statutory Notes and Related Subsidiaries
Short Title
of 2022 Amendment Pub. L. 117–103, div. T, § 101, Mar. 15, 2022, 136 Stat. 823, provided that: “This division [amending
section 1764 of this title] may be cited as the ‘Credit Union Governance Modernization Act of 2022’.”
Short Title
of 2014 Amendment Pub. L. 113–252, § 1, Dec. 18, 2014, 128 Stat. 2893, provided that: “This Act [amending
section 1787 of this title] may be cited as the ‘Credit Union Share Insurance Fund Parity Act’.”
Short Title
of 1998 Amendment Pub. L. 105–219, § 1(a), Aug. 7, 1998, 112 Stat. 913, provided that: “This Act [enacting
section 1757a and
1790d of this title, amending
section 1752a, 1759, 1782, and 1784 to 1787 of this title, repealing
section 1762 of this title, and enacting provisions set out as notes under this section and
section 1752a, 1757a, 1759, 1790d, 4801, and 4803 of this title] may be cited as the ‘Credit Union Membership Access Act’.”
Short Title
of 1987 Amendment Pub. L. 100–86, title VII, § 701, Aug. 10, 1987, 101 Stat. 652, provided that: “This title [enacting
section 1772c of this title and amending
section 1757, 1761a, 1761b, 1764, 1766, 1767, and 1786 to 1788 of this title and
section 45, 46, and 57a of Title 15, Commerce and Trade] may be cited as the ‘Credit Union
Amendments
of 1987’.”
Short Title
of 1978 Amendment Pub. L. 95–630, title XVIII, § 1801, Nov. 10, 1978, 92 Stat. 3719, provided that: “This title [enacting subchapter III of this chapter and amending
section 1757 of this title,
section 709 of Title 18, Crimes and Criminal Procedure, and
section 856 of former Title 31, Money and Finance] may be cited as the ‘National Credit Union Central Liquidity Facility Act’.” Congressional Findings Pub. L. 105–219, § 2, Aug. 7, 1998, 112 Stat. 913, provided that: “The Congress finds the following: “(1) The American credit union movement began as a cooperative effort to serve the productive and provident credit needs of individuals of modest means. “(2) Credit unions continue to fulfill this public purpose, and current members and membership groups should not face divestiture from the financial services institution of their choice as a result of recent court action. “(3) To promote thrift and credit extension, a meaningful affinity and bond among members, manifested by a commonality of routine interaction, shared and related work experiences, interests, or activities, or the maintenance of an otherwise well-understood sense of cohesion or identity is essential to the fulfillment of the public mission of credit unions. “(4) Credit unions, unlike many other participants in the financial services market, are exempt from Federal and most State taxes because they are member-owned, democratically operated, not-for-profit organizations generally managed by volunteer boards of directors and because they have the specified mission of meeting the credit and savings needs of consumers, especially persons of modest means. “(5) Improved credit union safety and soundness provisions will enhance the public benefit that citizens receive from these cooperative financial services institutions.”
Transfer of Functions
Secretary and Department of Health, Education, and Welfare redesignated Secretary and Department of Health and Human Services by
section 3508 of Title 20, Education.
Transfer of Functions
of Farm Credit Administration and Governor thereof to Bureau of Farm Credit Unions and Director thereof under jurisdiction of Federal Security Agency by act
June 29, 1948, ch. 711, §§ 1, 2, 62 Stat. 1091, and abolishment of Agency and transfer of its functions to Department of Health, Education, and Welfare by Reorg. Plan No. 1 of 1953, § 5, eff. Apr. 11, 1953, 18 F.R. 2053, 67 Stat. 632, see
section 1752a of this title, and notes thereunder. Functions of Farm Credit Administration and Governor thereof under this chapter, together with functions of Secretary of Agriculture with respect thereto, transferred to Federal Deposit Insurance Corporation by Reorg. Plan No. 1 of 1947, § 401, eff.
July 1, 1947, 12 F.R. 4534, 61 Stat. 952, set out in the Appendix to Title 5, Government Organization and Employees. A similar
Transfer of Functions
for duration of World War II was effected by Ex. Ord. No. 9148, Apr. 27, 1942, 7 F.R. 3145. Farm Credit Administration transferred to Department of Agriculture by Reorg. Plan No. I of 1939, § 401, eff. July 1, 1939, 4 F.R. 2730, 53 Stat. 1429, set out in the Appendix to Title 5.