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Tennessee Code Title 45. Banks and Financial Institutions § 45-4-604

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) The funds of credit unions shall be used first for loans to members.

(b) Funds of credit unions not required for loans to members may be invested as otherwise provided by law.

(c) If available funds do not permit all loans to be made that have been approved by the credit committee or loan officer, preference shall be given to the smaller loans that have been approved.

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Cite this article: FindLaw.com - Tennessee Code Title 45. Banks and Financial Institutions § 45-4-604 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-45-banks-and-financial-institutions/tn-code-sect-45-4-604/

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