Colo. Rev. Stat. § 11-30-115

Current through 11/5/2024 election

Section 11-30-115 - Power to borrow and loan money

A credit union may borrow from any source a total sum which shall not exceed fifty percent of its shares, deposits, and undivided earnings. No credit union shall loan more than ten percent of its assets to any member or to another credit union.

C.R.S. § 11-30-115

L. 31: p. 303, § 15. CSA: C. 47, § 15. L. 41: p. 376, § 15. L. 53: p. 239, § 1. CRS 53: § 38-1-15. C.R.S. 1963: § 38-1-15. L. 67: p. 320, § 12. L. 84: Entire section amended, p. 375, § 7, effective July 1.