PRIA Logo™
Title 12, Banks and BankingRelease 119-73not60

§1772c–1 Community Development Revolving Loan Fund for Credit Unions

Title 12 › Chapter 14— FEDERAL CREDIT UNIONS › Subchapter I— GENERAL PROVISIONS › § 1772c–1

Last updated Apr 3, 2026|Official source

Summary

The Board can use the money and power given by the Community Development Credit Union Revolving Loan Fund Transfer Act, including extra appropriations and any earnings, as long as it follows this section and its own rules. It can invest idle Fund money in U.S. Treasury securities and put the interest back into the Fund. The Board can require loans from the Fund to be matched by higher share balances in the borrowing credit union. Interest from the Fund can also be used for technical help to community development credit unions, but only under an appropriations Act. Fund — the Community Development Credit Union Revolving Loan Fund.

Full Legal Text

Title 12, §1772c–1

Banks and Banking, Source: USLM XML via OLRC

(a)The Board may exercise the authority granted to it by the Community Development Credit Union Revolving Loan Fund Transfer Act, including any additional appropriation made or earnings accrued, subject only to this section and to regulations prescribed by the Board.
(b)The Board may invest any idle Fund moneys in United States Treasury securities. Any interest accrued on such securities shall become a part of the Fund.
(c)The Board may require that any loans made from the Fund be matched by increased shares in the borrower credit union.
(d)Interest earned by the Fund may be allocated by the Board for technical assistance to community development credit unions, subject to an appropriations Act.
(e)As used in this section, the term “Fund” means the Community Development Credit Union Revolving Loan Fund.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Community Development Credit Union Revolving Loan Fund Transfer Act, referred to in subsec. (a), is Pub. L. 99–609, Nov. 6, 1986, 100 Stat. 3475, which is set out as a note under section 9822 of Title 42, The Public Health and Welfare.

Reference

Citations & Metadata

Citation

12 U.S.C. § 1772c–1

Title 12, Banks and Banking

Last Updated

Apr 3, 2026

Release point: 119-73not60