205 ILCS 305/54

205 ILCS 305/54
in effect
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(205 ILCS 305/54) (from Ch. 17, par. 4455) Sec. 54. Loans to associations. A credit union may make loans to any credit union association or corporation, of which the credit union is a member or shareholder, except that the aggregate of all such loans shall not exceed 5% of the assets of the credit union. (Source: P.A. 97-133, eff. 1-1-12.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026