Credit unions may invest in a trust organized solely for the purpose of investing in United States government securities and United States government agency securities, provided the trust is formed by an organization composed of credit unions or an organization of credit union associations.
Cal. Fin. Code § 14653
Investments
Known as the California Credit Union Law
The act spans §§ 14000 to 16906 (329 sections).
Amended by Stats. 1998, Ch. 539, Sec. 26
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.