NCUA FOM – What would an “FDIC” insured non-depository” be?

Compliance > NCUA
Q:  What would an “FDIC” insured non-depository” be?    
 
A:  A non-depository institution is an entity that does not accept deposits.  For example, an established FDIC-insured bank may have a branch or office that only handles commercial lending transactions, and does not accept deposits or disburse funds.
 
 
 
ADDITIONAL INFORMATION:
This information was obtained from the NCUA’s website, Chartering and Field of Membership Resources page -    https://www.ncua.gov/services/Pages/field-of-membership-chartering.aspx
 

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