D.C. Code § 26-507.04
Current through codified emergency legislation effective July 18, 2024
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.
D.C. Code § 26-507.04