### Question
How is the term financial institution defined?


### Answer
The term **financial institution** is defined in *12 U.S.C. § 4742* as the following:

> any federally chartered or State-chartered commercial bank, savings association, savings bank, or credit union

#### Citation:
  - *12 U.S.C. § 4742*
  - Heading: **CHAPTER 47-COMMUNITY DEVELOPMENT BANKING > SUBCHAPTER II-SMALL BUSINESS CAPITAL ENHANCEMENT**

