04 NCAC 06C .1302          OTHER RESERVES

(a)  Regular reserves shall be maintained as set forth in G.S. 54‑109.86 of the North Carolina Credit Union laws.

(b)  Special reserves for delinquent loans and reserves for line of credit shall be maintained as required in .0401 and .0404(b) of these Rules and Regulations.

 

History Note:        Authority G.S. 54‑109.12; 54‑109.86(a)(b)(c);

Eff. December 1, 1979.