1. (1) Certain other securities are approved for credit union investment. There is no dollar limit on a credit union's investment in:

   1. (a) General Services Administration (participation certificates);
   2. (b) Maritime Administration (bonds and notes); and
   3. (c) Washington Metropolitan Area Transit Authority (bonds).

2. (2) A credit union's investment is limited to 50 percent of its net worth in:

   1. (a) Asian Development Bank (bonds and notes);
   2. (b) Financing Corporation (FICO) (bonds);
   3. (c) Inter-American Development Bank (bonds);
   4. (d) Resolution Funding Corporation (REFCORP) (bonds);
   5. (e) Tennessee Valley Authority (TVA) (bonds); and
   6. (f) World Bank (bonds and notes).
      

Authorizing statute(s): 32-3-701, MCA

Implementing statute(s): 32-3-701, MCA

History: NEW, 2015 MAR p. 2247, Eff. 12/25/15.