Volume 81
Public Law 90–188
To amend the Federal Credit Union Act to modernize the loan and dividend provisions.
Approved December 13, 1967
Statutory text
AN ACT
To amend the Federal Credit Union Act to modernize the loan and dividend provisions.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Section 1.
Section 15 of the Federal Credit Union Act (12 U.S.C. 1761c) is amended by striking out the words “up to the unsecured limit, or in excess of such limit if such excess is fully secured by unpledged shares”.
Sec. 2.
Section 18 of the Federal Credit Union Act (12 U.S.C. 1763)
is amended (1) by striking out the word “or” and inserting a comma in lieu thereof between “Annually” and “semiannually” and by adding the words “or quarterly” after the word “semiannually”; and (2) by striking out the word “five” and inserting in lieu thereof the word “ten”.
Approved December 13, 1967.