§ 14652 Credit Union Investment Authority

Financial Code·California

AI SummaryVerified

This law lets credit unions invest in certain securities and assets that are listed in Chapter 10 of Division 1, treating them as legal investments for nonbank licensees.

Key Takeaways

•Credit unions may invest in securities listed in Chapter 10 of Division 1.
•These investments are considered legal for nonbank licensees.
•The rule applies when the investment follows the assets described in that chapter.

Example

A credit union wants to put some of its members' savings into a government bond that is listed in Chapter 10.

Because the bond is listed in Chapter 10, the credit union is allowed to buy it as a legal investment, just like other nonbank financial groups can.

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

Official Source

View on CA.gov

§ 14652 Credit Union Investment Authority

Every credit union may invest in securities and other assets described in Chapter 10 (commencing with Section 800) of Division 1 as legal investments for nonbank licensees. (Amended by Stats. 2011, Ch. 243, Sec. 16. (SB 664) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

credit union legal investments nonbank licensees Chapter 10 Division 1

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 14652.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References