Code of the District of Columbia

§ 26–506.03. Deposit Accounts.

(a) A District credit union may accept deposit accounts from its members, other District credit unions, federal credit unions, foreign credit unions, and government units, subject to the terms, rates, and conditions established by the board of directors and applicable local and federal laws and regulations.

(b) Interest may be paid on deposit accounts at various rates with due regard to the conditions that pertain to each type of account, such as minimum balance, notice, and time requirements.

(c) A District credit union may engage in savings or account programs established by federal, state, or local governments.

(d) A District credit union designated as a low-income credit union may accept non-member deposits.


(May 6, 2020, D.C. Law 23-86, § 603, 67 DCR 3476.)