UCU meaning in Business ?

Answer:

What is United Credit Union mean?

Credit union service organizations (CUSOs) are corporate entities in the United States that are owned by federally chartered or federally insured, state chartered credit unions.

Under US federal law and the National Credit Union Administration regulations Part 712, federal credit unions may make an investment in or a loan to a CUSO. Aggregate investments in CUSOs by federal credit unions may not exceed 1% of paid in and unimpaired capital, and aggregate loans to CUSOs may not exceed 1% of paid in and unimpaired capital. (State chartered credit unions will follow state law and in some instances, these limitations may be different.)

Every CUSO must be subject to a legal opinion to ensure the proposed structure is permissible and does not engage in unauthorized activities and to ensure that potential liabilities are limited to the funds invested or loaned to it. Furthermore, every CUSO must explicitly allow the National Credit Union Administration the right to review its books and records, which must be maintained according to GAAP.

reference

Full Form	Category
University College Utrecht	Academic & Science
University Christian Union	Academic & Science
United Cornerstone University	Academic & Science
University Center Underground	Academic & Science
Universidad Católica del Uruguay	Academic & Science
Ukrainian Catholic University	Academic & Science
University of Canberra Union	Academic & Science
Uganda Christian University	Academic & Science
Utrecht University College	Academic & Science
Universidad de Concepción del Uruguay	Academic & Science
University and College Union	Academic & Science
Unidad Cristiana Universitaria	Academic & Science
UCCF (Universities and Colleges Christian Fellowship) Christian Union	Academic & Science
United Credit Union	Business
Utilicorp United, Inc.	Business
Universal Concepts Unlimited	Business
University Credit Union	Business
Urban Conservation Unit	Community
Union des Coopecs Umutanguha	Community
Non Profitable Union	Community
Universal Control Unit	Computing
United Commercial Upholstery	General
Urban Craft Uprising	General
Unión Cultural Universitaria	International