{"data":{"id":"us-pa/17-pa.c.s.-512","jurisdiction":"us-pa","citation":"17 Pa.C.S. § 512","heading":"Loans.","body":"(a) Loans to members only.--Except as otherwise provided in this title, a credit union may make loans to its members only.\n(b) Loans subject to bylaws.--Loans must be made subject to the conditions contained in the bylaws.\n(c) Borrower repayment of loans.--A borrower may repay the borrower's loan, in whole or in part, any day the office of the credit union is open for business.\n(d) Nonpreferential treatment.--The following may not obtain or guarantee a loan from the credit union on terms, rates or conditions more favorable than those granted to any other member:\n(1) A director.\n(2) An officer.\n(3) A member of any committee.\n(4) A member of the immediate family of a director, officer or member of a committee.\n(5) Any individual having a common ownership, investment or other pecuniary interest in a business enterprise with a director, officer or member of a committee.","path":["Title 17 - CREDIT UNIONS","CHAPTER 5 CORPORATE POWERS, DUTIES AND SAFEGUARDS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=17\u0026div=0\u0026chpt=5\u0026sctn=12\u0026subsctn=0","current_through":"2024-03-04 (Statute Update stamp, 17 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:23Z","sha256":"207b193ae48766df89aece05cccf065a2159db913272c2970744545fef4cbe52","source_id":"us-pa","stale":false,"prev":"us-pa/17-pa.c.s.-511","next":"us-pa/17-pa.c.s.-513"},"notice":"GroundRules: Original legal text. Not legal advice."}