§ 14758
71 words·~1 min read·
/ca/financial-code/14758A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any director, officer, or employee of a credit union who makes or maintains, or attempts to make or maintain, a deposit of the credit union’s funds with any other person on the condition or with the understanding, whether express or implied, that the person receiving that deposit will make a loan or advance, directly or indirectly, to any director, officer, or employee of the credit union is guilty of a felony.