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208-460-060  <<  208-460-070 >>   208-460-080

WAC 208-460-070

No agency filings affecting this section since 2003

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, ยง 208-460-070, filed 5/1/01, effective 6/1/01.]