Current through Register Vol. 23, December 6, 2024
Rule 2.59.417 - INVESTMENT RULE - CERTAIN QUASI-GOVERNMENT SECURITIES(1) Certain other securities are approved for credit union investment. There is no dollar limit on a credit union's investment in:(a) General Services Administration (participation certificates);(b) Maritime Administration (bonds and notes); and(c) Washington Metropolitan Area Transit Authority (bonds).(2) A credit union's investment is limited to 50 percent of its net worth in: (a) Asian Development Bank (bonds and notes);(b) Financing Corporation (FICO) (bonds);(c) Inter-American Development Bank (bonds);(d) Resolution Funding Corporation (REFCORP) (bonds);(e) Tennessee Valley Authority (TVA) (bonds); and(f) World Bank (bonds and notes).NEW, 2015 MAR p. 2247, Eff. 12/25/2015.AUTH: 32-3-701, MCA; IMP: 32-3-701, MCA