Financial Code section 14703

A credit union shall establish and maintain an allowance-for-loan-losses account in accordance with generally accepted accounting principles. The commissioner may order the credit union to increase the amount of its allowance-for-loan-losses account if the commissioner finds that the amount of the account is not adequate.

Source: Section 14703, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=14703.­ (updated Jan. 1, 2005; accessed Jun. 18, 2026).

Green check means up to date. Up to date

Verified:
Jun. 18, 2026

§ 14703's source at ca​.gov