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).
 

History: 32-3-701, MCA; IMP, 32-3-701, MCA; NEW, 2015 MAR p. 2247, Eff. 12/25/15.