HRS §412:10-411
Rules for loans between credit unions
A credit union can lend money to other credit unions or a central liquidity facility, but the board must approve each loan. All such loans together cannot exceed 25% of the lending credit union's capital.
The statute, as written — Loans to other credit unions
A credit union may make loans to other credit unions, central credit unions, corporate credit unions or a central liquidity facility established under federal or state law; provided that the loans shall be approved by the board of directors and that the aggregate of all loans to such credit unions and a central liquidity facility shall not exceed twenty-five per cent of the lending credit union's capital.
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