12 CFR 723.8 - How much may one member or a group of associated members borrow?

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§ 723.8 How much may one member or a group of associated members borrow?

Unless your Regional Director grants a waiver for a higher amount, the aggregate amount of net member business loan balances to any one member or group of associated members must not exceed the greater of:

(a) 15% of the credit union's net worth; or

(b) $100,000.

[68 FR 56552, Oct. 1, 2003]

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United States Code

Title 12 published on 2015-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 723 after this date.

  • 2016-03-14; vol. 81 # 49 - Monday, March 14, 2016
    1. 81 FR 13530 - Member Business Loans; Commercial Lending
      GPO FDSys XML | Text
      NATIONAL CREDIT UNION ADMINISTRATION
      Final rule.
      This final rule is effective January 1, 2017, except for amendatory instruction number 4 adding § 723.7(f), which is effective May 13, 2016.
      12 CFR Parts 701, 723, and 741
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