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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 5426 United States policy of private financial support for Polish and Hungarian credit unions us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 63 SUPPORT FOR EAST EUROPEAN DEMOCRACY (SEED) 5426 22 U.S.C. § 5426 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s5426 data/legal/raw/us/code/title-22/usc22.xml eaaf3a9de3f9bfde9eb726ba1f21dd028492184bb718e08f644eb2d893ab8cea b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 5331f01714b84b87d28df9cdb5aab099a3e3ee18de15db502c8b5a73ea73f4c9 2026-07-04 official
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22 U.S.C. § 5426 - United States policy of private financial support for Polish and Hungarian credit unions

Text

(a) In general In order to facilitate the development of indigenous credit unions in Poland and Hungary, it is the policy of the United States that—

(1) United States citizens, financial institutions (other than federally insured depository institutions), and other persons may make contributions and loans to, make capital deposits in, and provide other forms of financial and technical assistance to credit unions in Poland and Hungary; and

(2) federally insured depository institutions may provide technical assistance to credit unions in Poland and Hungary, to the extent that the provision of such assistance is prudent and not inconsistent with safe and sound banking practice.

(b) Omitted

(c) Definitions For purposes of subsection (a)—

(1) the term “credit union” means a member-owned, nonprofit, cooperative depository institution—

(A) which is formed to permit individuals in the field of membership specified in such institutions charter to pool their savings, lend the savings to one another, and own the organization where they save, borrow, and obtain related financial services; and

(B) whose members are united by a common bond and democratically operate the institution; and

(2) the term “federally insured depository institution” means—

(A) any insured depository institution (as defined in section 1813(c)(2) of title 12); and

(B) any insured credit union (as defined in section 1752(7) of title 12).

(Pub. L. 101179, title II, § 206, Nov. 28, 1989, 103 Stat. 1310.)

Notes

Editorial Notes

Codification Section is comprised of section 206 of Pub. L. 101179. Subsec. (b) of section 206 of Pub. L. 101179 amended section 1757 of Title 12, Banks and Banking.