§ 14758 Credit Union Deposit Kickbacks
It is a felony for a credit union’s directors, officers, or employees to give the credit union’s money to someone else if they expect that person to lend or advance that money back to any of those insiders.
A credit union manager deposits the credit union’s cash into his brother’s business, hoping the brother will later lend that money back to the manager or other insiders.
Doing this violates the law because the manager is using the credit union’s funds on the condition that the brother makes a loan to an insider, which is exactly what the statute forbids.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 14758 Credit Union Deposit Kickbacks
Last verified: January 11, 2026