§ 6.1-225.56. 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 which shall include the limitation set forth in § 6.1-225.53. A credit union which originates such a loan shall retain at least a ten percent interest in such loan.
(1990, c. 373.)
Sections: Previous 6.1-225.50:1 6.1-225.50:2 6.1-225.51 6.1-225.52 6.1-225.53 6.1-225.54 6.1-225.55 6.1-225.56 6.1-225.57 6.1-225.58 6.1-225.59 6.1-225.60 6.1-225.61 6.1-225.61:1 6.1-225.62 NextLast modified: April 16, 2009