definition of members accounts

definition of members accounts Sec. 727. Section 202(h) of the Federal Credit Union Act (12 U.S.C. 1782(h)) is amended— (1) by striking out “and” at the end of paragraph (1); (2) by striking out the period at the end of paragraph (2) and inserting in lieu thereof “; and”; and (3) by adding after paragraph (2) the following new paragraph: “(3) the term ‘members accounts’ when applied to the premium charge for insurance of the accounts of federally insured credit unions shall not include amounts in excess of the insured account limit set forth in section 207(c).”