### Question
What does financial institution mean?


### Answer
**Financial institution** has the following meaning in *12 U.S.C. § 3302*:

> a commercial bank, a savings bank, a trust company, a savings association, a building and loan association, a homestead association, a cooperative bank, or a credit union

#### Citation:
  - *12 U.S.C. § 3302*
  - Heading: **CHAPTER 34-FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL**

