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


### Answer
The term **financial institution** is defined in *12 U.S.C. § 3302* as follows -

> 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**

