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Who may own an interest in a CUSO?

April 26, 2017cuso

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Who may own an interest in a CUSO?

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Anyone may own an ownership interest in a CUSO (along with a credit union) with the exception of the senior officials of the credit unions. Part 712.3 of the NCUA Regulations prohibits the credit union directors, CEO, Vice-CEO and CFO (and their immediate family members) from receiving any direct or indirect benefit from the CUSO. This includes an ownership interest in the CUSO.