Standard Form 23 is typically associated with which financial entity?

Standard Form 23 is primarily associated with credit unions. This form is utilized in various financial transactions and reporting, specifically involving the federal employment of various financial institutions. Credit unions, as member-owned financial cooperatives, often use Standard Form 23 for specific regulatory and operational documentation, reflecting their unique structure and governance as compared to other financial entities.

While investment banks, employee benefit providers, and real estate developers may have their own specific forms and regulatory frameworks, they do not predominantly utilize Standard Form 23 in their standard operations or reporting practices. Each of those entities operates under different sets of regulations and reporting requirements that reflect their distinct business models and financial services. Understanding the specific context in which Standard Form 23 is used helps clarify its association with credit unions.