insured institution

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 1841 — for the purposes of this chapter (6 versions over time)

The term “savings association” or “insured institution” means—

(1) any Federal savings association or Federal savings bank;

(2) any building and loan association, savings and loan association, homestead association, or cooperative bank if such association or cooperative bank is a member of the Deposit Insurance Fund; and

(3) any savings bank or cooperative bank which is deemed by the appropriate Federal banking agency to be a savings association under section 1467a(l) of this title.