189—15.1(17A) Definitions.

The definition of terms included in Iowa Code section 17A.2 and 189—1.1(533) shall apply to such terms used in this chapter. In addition, as used in this chapter:

“Account insurance” means either the federal NCUA insurer or a state guaranty corporation which has been approved by the regulator who supervises the foreign credit union.

“Foreign credit union” means a credit union chartered by a state regulator other than the Iowa regulator.

“Reciprocal state” means a state whose statute allows Iowa’s state chartered credit unions to establish branch offices in that state.