New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 97 - Investment In Credit Union Organizations
Section 97.8 - Shared service centers

Universal Citation: 3 NY Comp Codes Rules and Regs ยง 97.8

Current through Register Vol. 46, No. 12, March 20, 2024

(a) Definition. A shared service center is a facility staffed by employees of the credit union organization which facility uses an electronic network to provide credit union banking services to members of participating credit unions and at which a principal portion of the services provided are performed by automated teller machines or similar facilities.

(b) Permitted services. A credit union organization may offer credit union members the types of banking services authorized for electronic facilities established or shared by banking institutions pursuant to Part 73 of the General Regulations of the Banking Board.

(c) Notice. In addition to the notice required by section 97.4(a) of this Part, a credit union shall advise the superintendent in writing of the location of all shared service centers (whether within or outside New York) prior to offering its members any services at such centers.

Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.