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.­ (updated Jan. 1, 2025; accessed Jun. 9, 2025).

Last Updated

Jan. 1, 2025

§ 14400’s source at ca​.gov