LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 5Ch. 7Art. 1§ 14958 Credit Union Loan Participation

§ 14958 Credit Union Loan Participation

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 14958 Credit Union Loan Participation

This law lets credit unions join government-backed loan programs, but only if they follow the loan size limits described elsewhere.

Key Takeaways

  • •Credit unions can take part in guaranteed loan programs
  • •They must follow the loan size limits set by the division
  • •Participation is only allowed for government‑guaranteed loans

Example

A credit union wants to offer loans that are guaranteed by the federal government.

It can do so, but only if the loans meet the size restrictions that are outlined in the division.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 14958 Credit Union Loan Participation

A credit union may participate in guaranteed loan programs of the federal or state governments, subject to the limitations on loans set forth in this division. (Added by Stats. 1980, Ch. 52, Sec. 10.)

Last verified: January 11, 2026

Key Terms

credit unionguaranteed loan programsfederal or state governmentslimitations on loans

Related Statutes

  • § 14959 Credit Union Loan Transfers
  • § 1252 Industrial Bank Control Restrictions
  • § 14950 Credit Union Loan Policies
  • § 14952 Minor Member Loan Limits
  • § 14953 Credit Security Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14958.
View Official Source