(a) A credit union may participate in loans made to its members jointly with other credit unions, corporations or financial organizations.
(b) A credit union may participate in a loan originated by another credit union which is made to a member of the originating credit union even though the member is not also a member of the credit union participating in the loan. A loan participation that is authorized by this subdivision shall not be deemed to be an obligation or a participation in an obligation with a nonmember within the meaning of Section 14750.
(Amended by Stats. 1998, Ch. 539, Sec. 37. Effective January 1, 1999.)
Last modified: October 25, 2018