How much may a member or associated members borrow?
Unless the director grants a waiver for a higher amount, the aggregate amount of member business loans to a member or associated members may not exceed the greater of:
(1) Fifteen percent of the credit union's net worth; or
(2) One hundred thousand dollars.
[Statutory Authority: RCW 31.12.426
(1), 31.12.516(2), 43.320.040. WSR 01-10-084, § 208-460-070, filed 5/1/01, effective 6/1/01.]