§ 5111 Mutual Capital Certificate Definition

• •A 'mutual capital certificate' is like a paper that shows you put money into a special group called a 'mutual association'.
• •This paper is only given out if the rules in this part of the law are followed.
• •It’s not a regular bank account or stock—it’s a special kind of investment.

Imagine you and your neighbors pool money together to start a small credit union.

If the credit union gives you a paper saying you own a piece of it, that paper is called a 'mutual capital certificate'. It proves you invested, but it’s only valid if the credit union followed the rules in this law.