### Question
How does FEDERAL CREDIT UNIONS define Federal credit union?


### Answer
Under *12 U.S.C. § 1752*, **Federal credit union** is defined as:

> 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**

