Credit Union May Borrow

  1. Law
  2. Tennessee Code
  3. Banks and Financial Institutions
  4. Credit Unions
  5. Powers and Duties
  6. Credit Union May Borrow

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  1. A credit union has the power to borrow from any source, but the total of borrowing shall at no time exceed fifty percent (50%) of the member accounts and surplus of the borrowing credit union.
  2. A central credit union, as defined in § 45-4-101, has the power to borrow from any source, and is not subject to the limitations of subsection (a).


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