Title 12, Banks and BankingRelease 119-102
§3047 Programs for Training Directors and Staff of Eligible Cooperatives, and Public Education; Development and Availability; Scope and Implementation
Title 12 › CHAPTER 31 — NATIONAL CONSUMER COOPERATIVE BANK › SUBCHAPTER II — OFFICE OF SELF-HELP DEVELOPMENT AND TECHNICAL ASSISTANCE › § 3047
Summary
The Office must provide training (alone or with others) for directors and staff of eligible cooperatives about their duties and how to run cooperatives well. It can also do member studies and education, teach the public about cooperative benefits, and offer management reviews and consultations.
Full Legal Text
Title 12, §3047
Banks and Banking, Source: USLM XML via OLRC
The Office shall develop and make available, alone or in concert with other organizations, a program for training directors and staff of eligible cooperatives to improve their understanding of their responsibilities; the problems of and solutions for effective and efficient operation of their organizations or of cooperatives in general; and may by any means it deems appropriate, conduct membership studies, provide membership education programs, and programs for informing consumers and the general public of the advantages of cooperative action. Management supervision, review, and consultations shall be available from the Office to any eligible cooperative.
Reference
Citations & Metadata
Citation
12 U.S.C. § 3047
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102