; (B) a Federal credit union as defined in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ); or (C) a State credit union as defined in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ). (2) Federal banking regulator The term Federal banking regulator means each of the Board of Governors of the Federal Reserve System, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the National Credit Union Administration, or any Federal agency or department that regulates banking or financial services, as determined by the Secretary of the Treasury. (3) Financial service The term financial service means a financial product or service as defined in section 1002 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5481 ). (4) Industrial hemp legitimate business The term industrial hemp legitimate business means— (A) an institution of higher education (as defined in section 101 of the Higher Education Act of 1965 ( 20 U.S.C. 1001 )) or a State department of agriculture that carries out an agricultural pilot program or other agricultural or academic research under which such institution of higher education or State department of agriculture, either itself or through a third party— (i) grows or cultivates industrial hemp for purposes of research, and such research actually occurs; and (ii) such growing or cultivation is carried out pursuant to the laws of the State in which such institution of higher education or State department of agriculture is located; (B) a third party that produces, manufactures, sells, purchases, or transports industrial hemp pursuant to, or otherwise participates in, a program or research described under subparagraph (A)