---identifier: "/us/cfr/t12/s701.26"source: "ecfr"legal_status: "authoritative_unofficial"title: "12 CFR § 701.26 - Credit union service contracts."title_number: 12title_name: "Banks and Banking"section_number: "701.26"section_name: "Credit union service contracts."chapter_name: "NATIONAL CREDIT UNION ADMINISTRATION"subchapter_number: "A"subchapter_name: "REGULATIONS AFFECTING CREDIT UNIONS"part_number: "701"part_name: "ORGANIZATION AND OPERATION OF FEDERAL CREDIT UNIONS"positive_law: falsecurrency: "2026-04-05"last_updated: "2026-04-05"format_version: "1.1.0"generator: "[email protected]"authority: "12 U.S.C. 1752(5), 1755, 1756, 1757, 1758, 1759, 1761a, 1761b, 1766, 1767, 1782, 1784, 1785, 1786, 1787, 1788, 1789. Section 701.6 is also authorized by 15 U.S.C. 3717. Section 701.31 is also authorized by 15 U.S.C. 1601 42 U.S.C. 1981 and 3601-3610. Section 701.35 is also authorized by 42 U.S.C. 4311-4312."cfr_part: "701"---
Identifier
/us/cfr/t12/s701.26
Currency
2026-04-05
Positive Law
No
Updated
2026-04-05
Chapter
National Credit Union Administration
Authority
12 U.S.C. 1752(5), 1755, 1756, 1757, 1758, 1759, 1761a, 1761b, 1766, 1767, 1782, 1784, 1785, 1786, 1787, 1788, 1789. Section 701.6 is also authorized by 15 U.S.C. 3717. Section 701.31 is also authoriz... 12 U.S.C. 1752(5), 1755, 1756, 1757, 1758, 1759, 1761a, 1761b, 1766, 1767, 1782, 1784, 1785, 1786, 1787, 1788, 1789. Section 701.6 is also authorized by 15 U.S.C. 3717. Section 701.31 is also authorized by 15 U.S.C. 1601 42 U.S.C. 1981 and 3601-3610. Section 701.35 is also authorized by 42 U.S.C. 4311-4312.
# 701.26 Credit union service contracts.A Federal credit union may act as a representative of and enter into a contractual agreement with one or more credit unions or other organizations for the purpose of sharing, utilizing, renting, leasing, purchasing, selling, and/or joint ownership of fixed assets or engaging in activities and/or services which relate to the daily operations of credit unions. Agreements must be in writing, and shall advise all parties subject to the agreement that the goods and services provided shall be subject to examination by the NCUA Board to the extent permitted by law.[47 FR 30462, July 14, 1982, as amended at 63 FR 10756, Mar. 5, 1998]