Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 5.: DIVISION 5. CREDIT UNIONS/Ch. 4.: CHAPTER 4. Management and Operations/Art. 1.: ARTICLE 1. General/§ 14401.
California Statutes

§ 14401. — 14401. (Amended by Stats. 2004, Ch. 183, Sec. 107.)

California § 14401.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 5.DIVISION 5. CREDIT UNIONS
Ch. 4.CHAPTER 4. Management and Operations
Art. 1.ARTICLE 1. General

This text of California § 14401. (14401. (Amended by Stats. 2004, Ch. 183, Sec. 107.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Financial Code - FIN Code § 14401. (2026).

Text

A credit union may borrow money from any source in an aggregate amount not to exceed 50 percent of the paid-in and unimpaired capital and surplus of the credit union. Loans from the National Credit Union Central Liquidity Facility (12 U.S.C. Sec. 1795 et seq.) shall not be included in computing the aggregate borrowings of a credit union. For the purposes of this division, “certificate for funds” means borrowed money.

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Legislative History

Amended by Stats. 2004, Ch. 183, Sec. 107. Effective January 1, 2005.
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California § 14401., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/14401..