Code of the District of Columbia

§ 26–507.04. Loan limit.

The board of directors may place a limit on the aggregate amount to be loaned to, or co-signed by, any one member. The aggregate of loans to any one member shall not exceed 5% of the District credit union's capital or 1% of shares and deposits, whichever is greater. This limit shall not apply to loans that are fully secured by shares or deposits in the District credit union.


(May 6, 2020, D.C. Law 23-86, § 704, 67 DCR 3476.)