Harvesting hemp. (Source: Shutterstock)
Federally insured credit unions now may provide certain financial services to legally operating hemp businesses, under interim guidance published by the NCUA on Monday.
"Many credit unions have a long and successful history of providing services to the agriculture sector," NCUA Chairman Rodney Hood said, in a letter to boards of directors and CEOs of federally insured credit unions. "Hemp provides new opportunities for communities with an economic base involving agriculture."
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