Illinois Compiled Statutes 205 ILCS 305 Illinois Credit Union Act. Section 54

    (205 ILCS 305/54) (from Ch. 17, par. 4455)

    Sec. 54. Loans to associations. A credit union may make loans to any credit union association or corporation, of which the credit union is a member or shareholder, except that the aggregate of all such loans shall not exceed 5% of the assets of the credit union.

(Source: P.A. 97-133, eff. 1-1-12.)

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Last modified: February 18, 2015