Related provisions for CREDS 7.2.6
1 - 5 of 5 items.
(1) A credit union may lend3 to a member for a business purpose. However, this does not mean that a credit union may make a loan to a member who merely intends to transmit that loan to another body that will actually carry out the purpose.(2) A credit union should not lend3 to members who are acting together to achieve an aggregate sum of lending3 that exceeds the limits in the lending policy.2