12 CFR § 725.3 - Regular membership.

---
identifier: "/us/cfr/t12/s725.3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 725.3 - Regular membership."
title_number: 12
title_name: "Banks and Banking"
section_number: "725.3"
section_name: "Regular membership."
chapter_name: "NATIONAL CREDIT UNION ADMINISTRATION"
subchapter_number: "A"
subchapter_name: "REGULATIONS AFFECTING CREDIT UNIONS"
part_number: "725"
part_name: "NATIONAL CREDIT UNION ADMINISTRATION CENTRAL LIQUIDITY FACILITY"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1795f(a)(2)."
regulatory_source: "44 FR 49437, Aug. 23, 1979, unless otherwise noted."
cfr_part: "725"
---


# 725.3 Regular membership.

(a) A natural person credit union may become a Regular member of the Facility by:

(1) Making application on a form approved by the Facility;

(2) Subscribing to capital stock of the Facility in an amount equal to one-half of 1 percent of the credit union's paid-in and unimpaired capital and surplus, as determined in accordance with § 725.5(b) of this part, and forwarding with its completed application funds equal to one-half of this stock subscription; and

(3) Furnishing the following reports and documents with the completed membership application:

(i) A copy of the credit union's financial and statistical report for the most recent calendar month; and

(ii) Copies of the credit union's charter and bylaws, unless the credit union is federally chartered.

(b) [Reserved]

[44 FR 49437, Aug. 23, 1979, as amended at 47 FR 1371, Jan. 13, 1982; 84 FR 1608, Feb. 5, 2019; 85 FR 23735, Apr. 29, 2020]