Oregon Revised Statutes Credit Unions, Lending Institutions and Pawnbrokers § 723.001

(1) “Assets” means property, a right or a claim with future objectively measurable value that is owned or effectively controlled by a credit union.

(2) “Capital” means a credit union's reserves, undivided earnings and allowances for loan loss.

(3) “Corporate central credit union” means a cooperative organization whose members consist primarily of other credit unions and whose purposes are:

(4) “Department” means the Department of Consumer and Business Services.

(5) “Director” means the Director of the Department of Consumer and Business Services.

(6) “Equity” means a credit union's reserves and undivided earnings.

(7) “Home state” means the state in which the credit union is chartered.

(8) “Host state” means the state in which a credit union conducts business, but that is not the home state.

(9) “Interstate credit union” means a credit union chartered under the provisions of this chapter or under the authority of the laws of another state and operating in this state and in one or more other states.

(10) “Official” means any of the following:

(11) “Regular reserve” means an irrevocable reserve set aside to cover losses.