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


### Answer
The term **financial institution** is defined in *10 U.S.C. § 1053* as follows -

> a bank, savings and loan association, or similar institution or a credit union chartered by the United States or a State

#### Citation:
  - *10 U.S.C. § 1053*
  - Heading: **Subtitle A-General Military Law > PART II-PERSONNEL > CHAPTER 53-MISCELLANEOUS RIGHTS AND BENEFITS**

