{"data":{"id":"us/12-cfr-725.3","jurisdiction":"us","citation":"12 CFR 725.3","heading":"Regular membership.","body":"(a) A natural person credit union may become a Regular member of the Facility by:\n(1) Making application on a form approved by the Facility;\n(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\n(3) Furnishing the following reports and documents with the completed membership application:\n(i) A copy of the credit union's financial and statistical report for the most recent calendar month; and\n(ii) Copies of the credit union's charter and bylaws, unless the credit union is federally chartered.\n(b) [Reserved]","path":["Title 12—Banks and Banking","CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION","SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS","PART 725—NATIONAL CREDIT UNION ADMINISTRATION CENTRAL LIQUIDITY FACILITY"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"bcdd17163d227b951990ab386e34294011dab4eb1f57d83e15426562f4ed59e2","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-725.2","next":"us/12-cfr-725.4"},"notice":"GroundRules: Original legal text. Not legal advice."}