§ 14356 Credit Union Fund Use

Financial Code·California

AI SummaryVerified

This law says that all the money spent by the department to manage credit unions must come from the Credit Union Fund. This fund can only be used for this purpose, unless there's a special rule in Sections 413 or 414.

Key Takeaways

•The Credit Union Fund pays for all the department's work with credit unions.
•This fund can't be used for anything else, unless Sections 413 or 414 say it's okay.

Example

The department needs to buy new computers to keep track of credit unions.

The money for these computers must come from the Credit Union Fund, not from somewhere else.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 14356 Credit Union Fund Use

All expenses of the department in administering this division and other laws relating to credit unions or the credit union business shall be paid out of the Credit Union Fund; and, except as otherwise provided in Section 413 or 414, the Credit Union Fund shall be used only for such purposes. (Amended by Stats. 2014, Ch. 64, Sec. 17. (AB 2742) Effective January 1, 2015.)

Last verified: January 11, 2026

Key Terms

Credit Union Fund credit unions credit union business Section 413 Section 414

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 14356.

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Key Takeaways

Example

Key Terms

Related Statutes

References