A credit union may borrow from any source a total sum which shall not exceed fifty percent of its shares, deposits, and undivided earnings. No credit union shall loan more than ten percent of its assets to any member or to another credit union.
Source: L. 31: p. 303, § 15. CSA: C. 47, § 15. L. 41: p. 376, § 15. L. 53: p. 239, § 1. CRS 53: § 38-1-15. C.R.S. 1963: § 38-1-15. L. 67: p. 320, § 12. L. 84: Entire section amended, p. 375, § 7, effective July 1.
Structure Colorado Code
Title 11 - Financial Institutions
Article 30 - Credit Unions - General Provisions
§ 11-30-101. Definitions - Organization - Charter - Investigation
§ 11-30-101.7. Hearing Procedures for Community Field of Membership Credit Unions
§ 11-30-102. Bylaws of Credit Unions
§ 11-30-105. Exclusive Right to Use "Credit Union" in Title
§ 11-30-105. Exclusive Right to Use "Credit Union" in Title
§ 11-30-106. Examinations - Reports - Powers of Commissioner
§ 11-30-106.5. Assessment of Civil Money Penalties
§ 11-30-107. Fiscal Year - Meetings
§ 11-30-109. Directors and Officers - Compensation
§ 11-30-110. Credit Committee - Credit Officer
§ 11-30-111. Supervisory Committee
§ 11-30-115. Power to Borrow and Loan Money
§ 11-30-117.5. Share Insurance Required - Confidentiality
§ 11-30-119. Expulsion or Withdrawal of Members
§ 11-30-120. Suspension - Liquidation - Procedures
§ 11-30-120.5. Conversion - State to Federal Credit Union - Federal to State Credit Union
§ 11-30-121. Change in Place of Business
§ 11-30-124. Transfer of Functions - Conforming of Statutes
§ 11-30-125. Notice of Branch Opening and Closing
§ 11-30-126. Trust Account - Limited Documentation Required - Certificate of Trust