### Question
What does Federal credit union mean?


### Answer
**Federal credit union** has the following meaning in *12 U.S.C. § 1752*:

> a cooperative association organized in accordance with the provisions of this chapter for the purpose of promoting thrift among its members and creating a source of credit for provident or productive purposes

#### Citation:
  - *12 U.S.C. § 1752*
  - Heading: **CHAPTER 14-FEDERAL CREDIT UNIONS > SUBCHAPTER I-GENERAL PROVISIONS**

