Wis. Admin. Code Department of Financial Institutions DFI-CU 72.15 - Exceptions to the aggregate business loan limit
Credit unions that meet any one of the following criteria qualify for an exception from the aggregate member business loan limit:
(1) Credit unions that have a low-income
designation.
(2) Credit unions that
participate in the Community Development Financial Institutions
program.
(3) Credit unions that are
chartered for the purpose of making member business loans, as supported by
documentary evidence.
Example: The credit union's charter, bylaws, business plan, field of membership, board minutes and loan portfolio.
Notes
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