Loans to and guaranties by directors and members of committees.
Nev. Rev. Stat. § 672.730
in effect1. A credit union may make loans to its directors and to members of its committees, except that any loan or aggregate of loans to any one director or member of a committee which is more than $30,000 plus pledged shares must be approved by the board.
2. A credit union may permit its directors and members of its committees to act as guarantor or endorser of loans to other members, except that when such a loan standing alone or when added to any outstanding loan to the guarantor is more than $30,000, approval of the board is required.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-672.htmlFetched: 10/4/2026