WAC 208-460-130: What is the aggregate member business loan limit?

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WACs > Title 208 > Chapter 208-460 > Section 208-460-130

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208-460-120 << 208-460-130 >> 208-460-140

WAC 208-460-130	No agency filings affecting this section since 2003
What is the aggregate member business loan limit?

  The aggregate limit on the amount of a credit union's member business loans is the lesser of:

     (1) One and three quarters times the credit union's net worth; or

     (2) Twelve and one quarter percent of the credit union's total assets.

[Statutory Authority: RCW 31.12.426(1), 31.12.516(2),43.320.040 . 01-10-084, § 208-460-130, filed 5/1/01, effective 6/1/01.]