Credit union participation in joint loan with other credit union.

S.C. Code Ann. § 34-26-870
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
A credit union may participate in loans to credit union members jointly with other credit unions pursuant to written policies established by the board of directors. A credit union which originates such a loan shall retain an interest of at least ten percent of the face amount of the loan.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c026.phpFetched: 10/17/2026

Starting a business in South Carolina? South Carolina LLC guide: costs and requirements