{"data":{"id":"us-ca/fin-14803","jurisdiction":"us-ca","citation":"FIN § 14803","heading":"","body":"(a) No credit union shall pay any commission or compensation to any person for securing a new member or for getting an existing member to make an additional deposit.\n(b) Notwithstanding subdivision (a), a credit union may, pursuant to an incentive policy approved by the board of directors, offer and pay a reasonable incentive or inducement to (1) a nonmember for becoming a member of the credit union, (2) an existing member for depositing additional funds, and (3) an employee or member who assists in getting a nonmember to become a new member of the credit union or who assists in getting an existing member to make an additional deposit.\n(c) Nothing in subdivision (a) limits a credit union from using growth in the number of members in the credit union as part of its compensation program for its employees.","path":["Financial Code - FIN","DIVISION 5. CREDIT UNIONS [14000. - 16906.]","CHAPTER 5. Members [14800. - 14822.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"2578c065c934c6440b8c937c8c1cada4c43e807ee2d288d54e6ebb71ab472f38","source_id":"us-ca","stale":false,"prev":"us-ca/fin-14802","next":"us-ca/fin-14804"},"notice":"GroundRules: Original legal text. Not legal advice."}