Regulatory Alerts2007-12-07
Added · Updated
North Dakota State Credit Union Board Order on Receipt and Possession of Visa, Inc. Stock
The North Dakota State Credit Union Board issued an order on December 7, 2007, designating the receipt and possession of stock in Visa, Inc. as an incidental power necessary for credit unions to conduct business. This authorization permits state-chartered credit unions to hold such stock provided that individual examinations do not identify safety and soundness concerns. The document also references prior orders regarding other incidental powers, including loan participations and customer information disclosures.
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