Investment Of Credit Funds

No credit union chartered by the State of Georgia shall invest its funds which are not used in loans in any bank, building and loan association, savings and loan association, or credit union in an amount exceeding five percent of the total deposits of the bank, building and loan association, savings and loan association or credit union; or such larger amount as may be approved by the Department. This article refers to investment of credit union funds in Georgia.

Provided by: Ganet.Org Topic: Software Date Added: Nov 2001 Format: PDF

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