{"data":{"id":"us-az/a.r.s.-6-563","jurisdiction":"us-az","citation":"A.R.S. § 6-563","heading":"Other loan programs","body":"A. A credit union may participate in loans to its members jointly with other credit unions, credit union organizations or other organizations pursuant to written policies established by the board of directors. A credit union that originates such a loan shall retain an interest of at least five percent of the outstanding principal balance of the loan. Before participating in a loan transaction, each credit union shall perform its own independent evaluation of the creditworthiness of the borrower.\n\nB. In making loans to its members, a credit union may participate in any guaranteed loan program of the federal or state government under the terms and conditions specified in the law or rules under which such a program is provided.\n\nC. A credit union may finance for any person the sale of the credit union's property, including property obtained as a result of defaults in obligations owed to it, under the terms, conditions and rates provided by this chapter.","path":["Title 6 Banks and Financial Institutions"],"source_url":"https://www.azleg.gov/ars/6/00563.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"859de690adf3534b54322c3a78f17f9fc48d17fb69f2e30787095cc7fecf2585","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-6-562","next":"us-az/a.r.s.-6-564"},"notice":"GroundRules: Original legal text. Not legal advice."}