Financial Code section 14400

(a)

The equity capital of the credit union shall consist of the credit union’s regular reserve account, the undivided earnings account, any appropriated undivided earnings accounts, and other forms of capital approved by the commissioner.

(b)

The savings capital of a credit union shall consist of the payments made by members on shares.

Source: Section 14400, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14400. (accessed May 10, 2025).

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Last Updated

May 10, 2025

§ 14400’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_14400

Original Source: Section 14400, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14400. (last accessed May 10, 2025).