If a federal credit union offers services such as lines of credit, share-draft processing, check collection, ACH origination and receipts to its members, it can also provide them to other credit unions, according to an advisory opinion from the NCUA's Office of General Counsel.

Associate General Counsel Hattie M. Ulan wrote that a federal credit union can provide lines of credit to other credit unions under the statutory lending authority included in the applicable law. The other services are allowed under the credit union's incidental powers authority.

She also wrote that if a federal credit union operates a centralized vault and performs regular pickups of coins and currency, it can provide these services to other credit unions under the definition of correspondent services.

Ulan was responding to an inquiry from Indianapolis consultant Dan Schoenherr.