§ 16602 Treasurer'S Deposit Authority

• •The state decides how much money can be put into savings and loan associations and credit unions.
• •The state also decides the interest rates these places can offer.
• •There are rules (in Article 4.5) that limit how this works.

If you put money in a credit union, the state helps decide how much interest you earn.

The state sets rules so credit unions don’t pay too much or too little interest on your savings.