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Who is eligible to receive Non-Member and Nominee Deposits from the Federation?

April 26, 2017deposits eligible federation nominee non-member

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Who is eligible to receive Non-Member and Nominee Deposits from the Federation?

1 Answer

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In order to be eligible for a non-member deposit from the Federation, a credit union must be a regular (policy) member in good standing. The deposits must be insured by the NCUA or by an acceptable private insurer.