new credit union
Defined in 1 place of the United States Code.
The term “new credit union” means an insured credit union that—
(A) has been in operation for less than 10 years; and
(B) has not more than $10,000,000 in total assets.
Source
- 1998–present12 U.S.C. § 1790DBanks and Banking · Prompt corrective action · for purposes of this section