{"data":{"id":"us-ky/krs-286.6-525","jurisdiction":"us-ky","citation":"KRS 286.6-525","heading":"Loans to credit union officials.","body":"(1) A credit union may make loans to its officers, directors, employees, loan officers,\ncredit manager, and to members of its supervisory and credit committees, provided\nthat:\n(a) The loan complies with all lawful requirements under this subtitle with respect\nto loans to other borrowers and is not on terms more favorable than those\nextended to other borrowers; and\n(b) Any loan or aggregate of loans to any official which exceeds twenty -five\nthousand dollars ($25,000) plus pledged shares shall be approved by the board\nof directors.\n(2) A credit union may permit officers, directors, employees, loan officers, credit\nmanager, and members of its supervisory and credit committees to act as comakers,\nguarantors or endorsers of loans to other members, except that when an y such loan\nstanding alone or when added to any outstanding loan or loans to the comaker,\nguarantor or endorser exceeds ten thousand dollars ($10,000), approval of the board\nof directors is required.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=14812","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:13Z","sha256":"7831ce8c916a574298d783ab1a6cedc7bb339ed6fd27d1903ad6cae8994d0b0a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.6-515","next":"us-ky/krs-286.6-535"},"notice":"GroundRules: Original legal text. Not legal advice."}