12 U.S.C. § 1773 — District of Columbia credit unions; conversion to Federal status

This section allows a District of Columbia credit^* union to apply to convert to Federal status. It must file a qualifying organization certificate after a majority of its directors adopts a resolution.

A credit union organized under the District of Columbia Credit Unions Act, as amended, may apply to convert into a Federal credit union^*. It must file with the National Credit Union Administration^* Board^* an organization certificate meeting section 1753's requirements. The filing must be made under a resolution adopted by a majority of the credit union's directors. In sections 1773 through 1775 of this title, “Board” means the National Credit Union Administration Board.