The aggregate amount of the credit union’s outstanding loans and any unfunded commitments to a member (including those loans guaranteed by the member) and a group of associated borrowers may not exceed the greater of 15 percent of the credit union's net worth; or $100,000.

Statutory/Other Authority

ORS 723.102

Statutes/Other Implemented

ORS 723.152, 723.156 & 723.512

History

FSR 1-2022, amend filed 05/18/2022, effective 06/01/2022
FCS 2-2002, f. & cert. ef. 8-27-02