Va. Code § 6.2-1375

Current with changes from the 2024 legislative session through ch. 845
Section 6.2-1375 - Cooperative loans

A credit union may originate loans to credit union members jointly with other credit unions, credit union organizations, or other financial institutions pursuant to written policies established by the board of directors. The policies shall include the limitation set forth in § 6.2-1372. A credit union that originates such a loan shall retain at least a 10 percent interest in such loan.

Va. Code § 6.2-1375

1990, c. 373, § 6.1-225.56; 2010, c. 794.
Amended by Acts 2010, § c. 794.
Amended by Acts 1990, § c. 373, § 6.1-225.56.