Iowa Admin. Code r. 781-14.4 - Uninsured public deposits in credit unions

Uninsured public deposits in a credit union shall be secured by a letter of credit and a deposit agreement between the public unit and the credit union. (The credit union will only be allowed to aggregate funds deposited by the same public unit. Prior to accepting an uninsured public deposit, a credit union must secure the deposit according to requirements contained in this chapter)

Notes

Iowa Admin. Code r. 781-14.4

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