Written by Loran Jackson, Regulatory Compliance Counsel, NAFCU
Federal credit unions go to great lengths to give their members plenty of account options, including the ability to include friends or family as joint account owners. For this reason, we receive many questions regarding nonmember joint account owners. Under section 1759(a) of the Federal Credit Union Act (FCU Act), federal credit unions can create joint accounts where one owner on the joint account is a member of the credit union and the other account owner is not:
Already a member? Log in
Members Get More |
This page contains member-only content.Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:
|
If you are already logged in and believe you should have access to member-only content, please contact us for assistance at info@americascreditunons.org.