Designation of low-income status - Receipt of secondary capital accounts by low-income designated credit unions

A credit union may be designated as a low-income credit union and may offer secondary capital accounts subject to the rules established by the national credit union administration under part 701.34 of the national credit union administration's rules and regulations. History: Effective March 1, 1988; amended effective December 1, 1992; January 1, 2007. General Authority: NDCC 6-01-04 Law Implemented: NDCC 6-06-06