C Credit Union Accounts

FAA4.A Financial Accounts (FIAC) : 05 Financial Account Types : C Credit Union Accounts

A checking or savings account in a credit union is countable as a resource.

Key credit union accounts on FIAC using the CU Financial Account Code.

EXCEPTION

An account in a credit union that is used only for a self‑employment business is not countable as a resource. (See Self Employment Income)

Key credit union accounts for a self employment business on FIAC using the BC Financial Account Code.

For checking accounts in a bank, see Checking Accounts.

For savings accounts in a bank or a savings and loan association, see Savings Accounts.

For accounts with combined NA educational income, see Combined Resources.

For jointly owned credit union accounts, see Joint Accounts.