A credit union that has a low-income designation, or participates in a community development financial institutions program, or was chartered for the purpose of making member business loans, or which as of the date of enactment of the Credit Union Membership Access Act of 1998 had a history of primarily making commercial loans, is exempt from compliance with the aggregate member business loan limits in this section.

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