### Question
What does new credit union mean?


### Answer
**New credit union** has the following meaning in *12 U.S.C. § 1790d*:

> an insured credit union that—


(A) has been in operation for less than 10 years

#### Citation:
  - *12 U.S.C. § 1790d*
  - Heading: **CHAPTER 14-FEDERAL CREDIT UNIONS > SUBCHAPTER II-SHARE INSURANCE**

