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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. WSR 01-10-084, ยง 208-460-130, filed 5/1/01, effective 6/1/01.]